AGING AND PUBLIC PENSIONS IN AN OVERLAPPING GENERATIONS MODEL

نویسندگان
چکیده

برای دانلود رایگان متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

منابع مشابه

An Overlapping Generations Model of Electoral Competition

This paper presents a dynamic model of political competition between two "parties" with different policy preferences. A "party" is explicitly modelled as a sequence of overlapping generations of candidates, all of whom face finite decision horizons. In general, there is a conflict between the interests of the individual policymakers and those of the "party" , which includes subsequent generatio...

متن کامل

An overlapping-generations model with search

Search is embeded in an overlapping-generations model. Young people participate a centralized market and a decentralized market sequentially and olds only participates the centralized market. The demographic feature allows analytical tractability. In a series examples, positve inflation rates are Pareto optimal. JEL classification: E31

متن کامل

The Effects of Annuities, Bequests, and Aging in an Overlapping Generations Model of Endogenous Growth

In this paper, we examine the effects of introducing actuarially fair annuity markets into an overlapping generations model of endogenous growth. We find the complete annuitization of agents’ wealth is not, in general, dynamically optimal; that the degree of annuitization that is dynamically optimal depends nonmonotonically on the expected length of retirement and on the pay-as-you-go social se...

متن کامل

Active and passive monetary policy in an overlapping generations model

In a standard overlapping generations model, active monetary policy reinforces mechanisms that lead to equilibrium indeterminacy and to countercyclical behavior of young-age consumption. The policy rule which minimizes inflation volatility can be active or passive, depending on the characteristics of shocks and the risk aversion of households. Inflation forecast errors are always greater under ...

متن کامل

Specialization in a Dynamic Trade Model : An Overlapping Generations Case

We explore a small-open economy with overlapping generations to understand what is the determinant of trade pattern in the dynamic trade theory. In the representative agent model (Baxter (1992) ), even if there are two goods and two production factors, opening up to trade leads to perfect specialization. Using the overlapping generations model, we find that the heterogeneity of the economic age...

متن کامل

ذخیره در منابع من


  با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید

ژورنال

عنوان ژورنال: Oxford Economic Papers

سال: 1997

ISSN: 0030-7653,1464-3812

DOI: 10.1093/oxfordjournals.oep.a028595