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)

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Year of publication:	2008-12-04
Authors:	Borissov, Kirill ; Surkov, Alexander
Institutions:	Department of Economics, European University at St. Petersburg
Subject:	economic growth \| overlapping generations \| pension \| social security

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Extent:	application/pdf
Series:	EUSP Deparment of Economics Working Paper Series.
Type of publication:	Book / Working Paper
Notes:	Number Ec-02/08 24 pages
Classification:	E24 - Employment; Unemployment; Wages ; H55 - Social Security and Public Pensions ; D91 - Intertemporal Consumer Choice; Life Cycle Models and Saving ; O40 - Economic Growth and Aggregate Productivity. General
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008794568