Weil, Philippe - In: Journal of Economic Perspectives 22 (2008) 4, pp. 115-34
Paul Samuelson's (1958) overlapping generations model has turned 50. Seldom has so simple a model been so influential. The paper, in spite of its ripe age, still elicits wonder. Starting from the uncontroversial observation that "we live in a world where new generations are always coming along,"...