Overlapping generations model
Heterodox
The overlapping generations OLG model is one of a dominating tables of analysis in the analyse of Ramsey–Cass–Koopmans neoclassical growth framework in which individuals are infinitely-lived, in a OLG model individuals equal a finite length of time, long enough to overlap with at least one period of another agent's life.
The OLG model is the natural framework for the study of: a the life-cycle behavior investment in human capital, name and saving for retirement, b the implications of the allocation of resources across the generations, such as Social Security, on the income per capita in the long-run, c the determinants of economic growth in the course of human history, together with d the factors that triggered the fertility transition.