Overlapping generations model
Modelo de generaciones solapadas
- Date
- 1947-1958 · confidence medium
- Place
- Cambridge, Massachusetts, United States
- Credited to
- Paul Samuelson y Maurice Allais
- Field
- Knowledge & symbols
What it is
A macroeconomic model in which distinct generations with finite lifespans coexist simultaneously, independently formulated by Maurice Allais and Paul Samuelson, used to analyze saving, pensions and economic growth.
What it led to
- Analysis of pay-as-you-go pension systems
- Intergenerational economic growth models
- Design of fiscal and public-welfare policy