Markov equilibrium of social security: An analytic solution under CRRA utility and the future of social security
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DOI: 10.1016/j.econmod.2024.106655
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More about this item
Keywords
Dynamic inefficiency; Golden rule; Markov perfect equilibrium; Pensions; Political economy model; Social security;All these keywords.
JEL classification:
- C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
- H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions
- E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
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