This paper examines dynamic efficiency in an OLG model with

endogenous retirement. The purpose is to study whether a Pareto-
optimal allocation can be verified by comparing capital accumulation

in a competitive economy with the golden rule. We exhibits conditions
for dynamic efficiency using a general OLG model in the spirit of the
Diamond (1965), except the inclusion of endogenous old-age labor
supply.

We study the eect of inter-vivo transfers, bequests and taxation on the distribution of wealth.
We allow for random death and birth in a novel continuous time overlapping generations framework.
We enlarge Birkner et al. (2022), focus on the evolution of the wealth distribution over time and incorporate
real-world tax schemes. Starting with the German wealth distribution in 2019, we study conditions under which fat right tails occur in the wealth distribution.
We also ask how long it takes until a inheritance tax reform has effects
on the wealth distribution. Given these results, we give recommendations for changes in budgetary-neutral inter-vivo tax, bequest tax and tax exemption
to reduce wealth inequality.

This article investigates a two-period lived OLG model with financial intermediation
as a vehicle to share risk. Risk-averse agents subject to idiosyncratic income
shocks prefer financial intermediation that implements the efficient allocation to
capital markets. It is shown that the resulting dynamics is monotonic and qualitatively
the same as the dynamics of the classical OLG model by Diamond (1965).
These results contradict Banerji, Bhattacharya, and Van Long (2004) by demonstrating
that in two-period lived OLG models with rational expectations, financial
intermediation that provides complete risk sharing can neither trigger business cycles
nor complex dynamics. Business cycles can only occur if banks offer inefficient
contracts.

This article investigates the existence of perfect-forsight equilibria in two-sectoral
two-period lived OLG Models. It extends the setting in Galor (1992) by allowing
for partial depreciation of capital, factor-intensity reversals, and subjective erroneous
beliefs of agents. The generalisation thus allows to include the important
parameterisation of CES production functions which so far had to be ruled out.
The analysis of temporary equilibria precedes the description of a well-defined intertemporal
growth process. It shown that, generically, perfect foresight is possible
only locally in the sense that the economy may persistently assume states in which
beliefs cannot be self-fulfilling.