Generations Model and the Pension System
This is a review of the theoretical conditions for The Overlapping Generations Model and the Pension System.
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Description
Content
This is a review of the theoretical conditions for The Overlapping Generations Model and the Pension System.
- Introduction
- The overlapping generations model
- The steady state
- Is the steady state Pareto-optimal?
- Fully funded versus pay-as-you-go pension systems
- Shifting from a pay as-you-go to a fully funded system
- Conclusion
- References