pension system, where savings are matched by government grants. Accounting for the resulting tax expenditure, our models …

Post Keynesian stagnation theory argues that slower population growth dampens consumption and investment. A New …

This paper analyzes optimal monetary and fiscal policy in a model where money and savings are essential and asset …

Pensions may be provided for in a modern society by several methods, viz., voluntary individual savings, mandatory … individual savings, that the fully funded occupational system is decided upon by the age cohort of the median worker and that … decisions is a Pareto-equilibrium. Nowadays most of capital supply stems from individual and institutionalised pension savings …