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Generations Model and the Pension System

Generations Model and the Pension System

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

Content:
  1. Introduction
  2. The overlapping generations model
  3. The steady state
  4. Is the steady state Pareto-optimal?
  5. Fully funded versus pay-as-you-go pension systems...
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