How does inflation affect different age groups?

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dc.contributor.authorHahn, Volker
dc.contributor.authorSchürle, Annika
dc.date.accessioned2025-11-25T07:58:08Z
dc.date.available2025-11-25T07:58:08Z
dc.date.issued2025-11
dc.description.abstractWe develop an overlapping-generations model with sticky wages and prices to study the socially optimal inflation rate in the long term. While sticky prices and firms’ productivity growth would yield a positive optimal inflation rate, we show that sticky wages, in combination with empirically plausible changes in productivity over workers’ lives, make moderate deflation optimal. We also study intergenerational conflicts and show that younger voters gain from lower inflation, whereas older voters prefer higher inflation.
dc.description.versionpublisheddeu
dc.identifier.doi10.1016/j.jedc.2025.105200
dc.identifier.ppn1942441002
dc.identifier.urihttps://kops.uni-konstanz.de/handle/123456789/75296
dc.language.isoeng
dc.rightsAttribution 4.0 International
dc.rights.urihttp://creativecommons.org/licenses/by/4.0/
dc.subjectTrend inflation
dc.subjectInflation target
dc.subjectSticky wages
dc.subjectSticky prices
dc.subjectOverlapping-generations models
dc.subject.ddc330
dc.titleHow does inflation affect different age groups?eng
dc.typeJOURNAL_ARTICLE
dspace.entity.typePublication
kops.citation.bibtex
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  title={How does inflation affect different age groups?},
  year={2025},
  doi={10.1016/j.jedc.2025.105200},
  volume={180},
  issn={0165-1889},
  journal={Journal of Economic Dynamics and Control},
  author={Hahn, Volker and Schürle, Annika},
  note={Article Number: 105200}
}
kops.citation.iso690HAHN, Volker, Annika SCHÜRLE, 2025. How does inflation affect different age groups?. In: Journal of Economic Dynamics and Control. Elsevier. 2025, 180, 105200. ISSN 0165-1889. eISSN 1879-1743. Verfügbar unter: doi: 10.1016/j.jedc.2025.105200deu
kops.citation.iso690HAHN, Volker, Annika SCHÜRLE, 2025. How does inflation affect different age groups?. In: Journal of Economic Dynamics and Control. Elsevier. 2025, 180, 105200. ISSN 0165-1889. eISSN 1879-1743. Available under: doi: 10.1016/j.jedc.2025.105200eng
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kops.sourcefield.plainJournal of Economic Dynamics and Control. Elsevier. 2025, 180, 105200. ISSN 0165-1889. eISSN 1879-1743. Verfügbar unter: doi: 10.1016/j.jedc.2025.105200deu
kops.sourcefield.plainJournal of Economic Dynamics and Control. Elsevier. 2025, 180, 105200. ISSN 0165-1889. eISSN 1879-1743. Available under: doi: 10.1016/j.jedc.2025.105200eng
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