@book{a72859da5aac41499b90a446c3d6371d,
title = "An Overlapping Generations Computable General Equilibrium (OLG-CGE) Model with Age-variable Rate of Time Preference",
abstract = "It is generally accepted that people prefer to receive reward earlier rather than later. A positive rate of time preference is routinely used in economic models of intertemporal choice, for example OLG-CGE models. Calibrating an OLG-CGE model is challenging because age-profile data is usually not available. For example, researchers typically have no data on consumption by age group. The conventional way to proceed is to impose a constant rate of time preference, which implies smooth age profile for consumption.",
keywords = "consumption age, savings , capital",
author = "Patrick Georges and Katerina Lisenkova and Marcel Merette and Qi Zhang",
year = "2016",
month = mar,
day = "3",
language = "English",
series = "NIESR Discussion Papers",
}