Nishiyama, Shinichi; Smetters, Kent - In: Handbook of computational economics : volume 3, (pp. 117-160). 2014
The overlapping generations (OLG) life-cycle model with heterogeneous agents has become the main workhorse for evaluating the welfare and macroeconomic effects of major fiscal policy changes, including reforms to tax and social insurance systems. This chapter shows how to construct and solve a...