Heer, Burkhard; Trede, Mark - In: Jahrbücher für Nationalökonomie und Statistik 220 (2000) 1, pp. 32-47
Summary We compare projection methods with the standard value function grid algorithm in order to solve overlapping … effects of unfunded public pensions on aggregate savings and employment. For given accuracy, projection methods are found to … also solvable with the help of ordinary personal computers using projection methods, while the use of value function grid …