random dynamical systems theory, we obtain a complete analysis of a stochastic OLG growth model. In the long-run the economy … converges either to a state with no capital (poverty trap) or a sample path of a random fixed point (business cycle). The …

by multiple steady states involving poverty traps. Individuals will not leave bequests unless per capita income levels … exceed a threshold level. In such a situation, an unfunded social security security programme may help to overcome poverty by … überschreitet. In einer solchen Situation kann ein umlagefinanziertes Rentensystem dazu beitragen der Armut zu entkommen, indem es …