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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| Main Authors: | , |
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| Format: | text |
| Language: | English |
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Institutional Knowledge at Singapore Management University
2008
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| Subjects: | |
| 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 |