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We analyze the consumption and wealth inequality in an OLG model with mandatory pension systems. Our framework features … within cohort heterogeneity of endowments and heterogeneity of preferences. We allow for population aging and gradual decline … in TFP growth. We show four main results. First, increasing longevity translates to substantial increases in aggregate …
Persistent link: https://www.econbiz.de/10011876189
We analyze the consumption and wealth inequality in an OLG model with mandatory pension systems. Our framework features … within cohort heterogeneity of endowments and heterogeneity of preferences. We allow for population aging and gradual decline … in TFP growth. We show four main results. First, increasing longevity translates to substantial increases in aggregate …
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