Demographics in Dynamic Heckscher-Ohlin Models: Overlapping Generations Versus Infinitely Lived Consumers

This paper contrasts the properties of dynamic Heckscher-Ohlin models with overlapping generations with those of models with infinitely lived consumers. In both environments, if capital is mobile across countries, factor price equalization occurs after the initial period. In general, however, the

本文对比了引入世代交叠（overlapping generations）结构的动态赫克歇尔-俄林模型（dynamic Heckscher-Ohlin models）与无限期生存消费者模型的核心性质。在两种分析框架下，若资本可跨国流动，则初始阶段之后均会实现要素价格均等化（factor price equalization）。然而总体而言，