Kumru, Cagri Seda; Tran, Chung - School of Economics, UNSW Business School - 2009
; Overlapping generations; Welfare.
∗We would like to thank Juergen Jung, Yuji Tamura, Lawrence Uren, and the participants of the 14 … distorts an individual’s saving and labour supply decisions. Using a deterministic standard
overlapping generations (OLG) model … populated by overlapping generations. Every period t a generation
of economically active individuals is born. All newly …