Pension system in a two-classes overlapping generations model
AbstractWe introduce a two-classes one-good overlapping generations model of economic growth with bequests. The difference between capitalists and workers is that the firsts have larger discount coefficient and/or higher return to savings. For the model proposed, we define a balanced growth equilibrium and prove its existence. Using the model, we analyze effects of pay-as-you-go and fully funded pension systems. (in Russian)
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by European University at St. Petersburg, Department of Economics in its series EUSP Deparment of Economics Working Paper Series with number Ec-02/08.
Length: 24 pages
Date of creation: 04 Dec 2008
Date of revision: 10 Dec 2008
economic growth; overlapping generations; pension; social security;
Find related papers by JEL classification:
- E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution
- H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions
- D91 - Microeconomics - - Intertemporal Choice - - - Intertemporal Household Choice; Life Cycle Models and Saving
- O40 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
You can help add them by filling out this form.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Yuriy Balagula).
If references are entirely missing, you can add them using this form.