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Reciprocal Altruism and Pension System in Overlapping Generations Models

Author

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  • Kirill Borissov
  • Alexander Surkov

Abstract

We analyze equilibrium paths in two models of overlapping generations with reciprocal altruism. The first one allows us to consider a case of different propensity to of consumer to support her children and parents (non-symmetrical altruism). In this model, an equilibrium is a Nash equilibrium. The second model describes a case equivalent to a situation, when two succeeding generations (not working parents and working children) have common budget. (In Russian).

Suggested Citation

  • Kirill Borissov & Alexander Surkov, 2008. "Reciprocal Altruism and Pension System in Overlapping Generations Models," EUSP Department of Economics Working Paper Series 2008/01, European University at St. Petersburg, Department of Economics, revised 10 Dec 2008.
    • Handle: RePEc:eus:wpaper:ec2008_01
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    More about this item

    Keywords

    economic growth; overlapping generations; pension; social security;
    All these keywords.

    JEL classification:

    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions
    • D91 - Microeconomics - - Micro-Based Behavioral Economics - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General

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