Target Saving in an Overlapping Generations Model
We examine a model in which the utility function has been engineered so that it is optimal for consumers to aim for a fixed target level of retirement resources. In this case consumption displays excess sensitivity to current income as well as perfect old age insurance. In an overlapping generations...
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| المؤلفون الرئيسيون: | , |
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| التنسيق: | text |
| اللغة: | English |
| منشور في: |
Institutional Knowledge at Singapore Management University
2008
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| الموضوعات: | |
| الوصول للمادة أونلاين: | https://ink.library.smu.edu.sg/soe_research/1081 https://ink.library.smu.edu.sg/context/soe_research/article/2080/viewcontent/target.pdf |
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| المؤسسة: | Singapore Management University |
| اللغة: | English |