Target Saving in an Overlapping Generations Model

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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Bibliographic Details
Main Authors: GUHA, Ashok S., GUHA, Brishti
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2008
Subjects:
Targets
history
excess sensitivity
static expectations
rational expectations
uniqueness.
Behavioral Economics
Macroeconomics
Online Access: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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Institution: Singapore Management University
Language: English

Internet

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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