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Episode Notes: Aging and Wealth Inequality in a Neoclassical Growth Model
Leggi dettagli- Introduction:
- Topic Overview: Introduction to the impact of aging on wealth distribution and its implications for economic growth.
- Definition: Explaining the concept of wealth inequality.
- Diving into the Neoclassical Growth Model:
- Overview: Brief explanation of the neoclassical growth model's premises.
- Assumptions: Discussing the assumptions that economic growth is driven by technological progress and capital accumulation.
- Pitfalls and Adjustments: Recognizing the limitations of assuming equal wealth access, and introducing the overlapping generations model to adjust for these limi ...