This is a review of the theoretical conditions for The Overlapping Generations Model and the Pension System.
Descrição
Conteúdos
- 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