Overlapping generations (OLG) models are used to analyze the effects of fiscal policy on households’ decisions to work and save; the distribution of income, wealth, consumption, and taxes among households; and the well-being of different generations.
In December 2018, CBO held a symposium about OLG models in order to learn more about them and about how they can be used to examine the effects of a hypothetical reduction in Old-Age and Survivors Insurance benefits. This presentation highlights the similarities and differences among OLG models and the lessons learned from the symposium.
