Pension System in a Two-Classes Overlapping Generations Model
We 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)
|Date of creation:||04 Dec 2008|
|Date of revision:||10 Dec 2008|
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