Wirtschaftswissenschaft
Merwan H. Engineer, Linda Welling
Overlapping Generations Models and Graded Age-Set Societies
Jahrgang 160 (2004) / Heft 3, S. 454-476 (23)
From Africa through North America to Asia, anthropologists have found societies with formalized age-group systems. In these societies, social and economic relations between individuals are regulated by well-established rules governing transitions through the lifecycle. In this paper we detail the relationship between the classic formulations in STEWART's [1977] Fundamentals of Age-Group Systems and the overlapping generations (OLG) model. We establish that OLG models can accurately represent a large subset of actual age-group societies called graded age-set societies. Thus, an OLG model bears a close resemblance to reality.