Debt, Deficits, and Age-Specific Mortality /

This paper develops an overlapping agents model with age-specific mortality rates. The analytical framework also nests Blanchard's (1985) "perpetual youth" model as a special, though perhaps not realistic, case. With age specific mortality rates, youth is "fleeting." Using s...

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מחבר ראשי: Faruqee, Hamid
פורמט: כתב-עת
שפה:English
יצא לאור: Washington, D.C. : International Monetary Fund, 2002.
סדרה:IMF Working Papers; Working Paper ; No. 2002/019
גישה מקוונת:Full text available on IMF
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100 1 |a Faruqee, Hamid. 
245 1 0 |a Debt, Deficits, and Age-Specific Mortality /  |c Hamid Faruqee. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2002. 
300 |a 1 online resource (20 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a This paper develops an overlapping agents model with age-specific mortality rates. The analytical framework also nests Blanchard's (1985) "perpetual youth" model as a special, though perhaps not realistic, case. With age specific mortality rates, youth is "fleeting." Using standard hyperbolic functions, the model with fleeting youth is able to closely replicate the empirical relation between age and mortality. The comparative implications for deficit finance are also examined and age-specific mortality is shown to alter the non-Ricardian properties of the model. 
538 |a Mode of access: Internet 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2002/019 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2002/019/001.2002.issue-019-en.xml  |z IMF e-Library