Download This PaperDisproving the OLG-Growth Theory
5 Pages Posted: 26 Mar 2016
Date Written: March 24, 2016
Abstract
This paper proves that introducing overlapping generation into growth theory does not give the saving necessary for economic growth. Although consumption is endogenously solved, there is still no saving left. When there is a retired generation, the younger generation must produce to cover the consumption of the two generations.
Keywords: Growth, OLG
JEL Classification: O41
Suggested Citation: Suggested Citation
Choi, Hak, Disproving the OLG-Growth Theory (March 24, 2016). Available at SSRN: https://ssrn.com/abstract=2754450 or http://dx.doi.org/10.2139/ssrn.2754450
Feedback
Feedback to SSRN
If you need immediate assistance, call 877-SSRNHelp (877 777 6435) in the United States, or +1 212 448 2500 outside of the United States, 8:30AM to 6:00PM U.S. Eastern, Monday - Friday.