Social security as Markov equilibrium in OLG models: A note

被引：4

作者：

Gonzalez-Eiras, Martin ^{[1
]}

机构：

[1] Univ San Andres, Buenos Aires, DF, Argentina

来源：

REVIEW OF ECONOMIC DYNAMICS | 2011年 / 14卷 / 03期

关键词：

Social security; Overlapping generations models; Markov equilibria;

D O I：

10.1016/j.red.2010.07.002

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

I refine and extend the Markov perfect equilibrium of the social security policy game in Forni (2005) for the special case of logarithmic utility. Under the restriction that the policy function be continuous, instead of differentiable, the equilibrium is globally well defined and its dynamics always stable. (C) 2010 Elsevier Inc. All rights reserved.

引用

页码：549 / 552

页数：4

共 5 条

[1] Social security as Markov equilibrium in OLG models [J].