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 generation...

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Bibliographic Details
Main Authors: Guha, Brishti, GUHA, Ashok S.
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2008
Subjects:
target saving
history
excess sensitivity
static expectations
rational expectations
uniqueness
Behavioral Economics
Macroeconomics
Online Access:https://ink.library.smu.edu.sg/soe_research/2261
https://ink.library.smu.edu.sg/context/soe_research/article/3260/viewcontent/Target_Saving_in_an_Overlapping_Generations_Model_pp.pdf
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Institution: Singapore Management University
Language: English

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https://ink.library.smu.edu.sg/soe_research/2261
https://ink.library.smu.edu.sg/context/soe_research/article/3260/viewcontent/Target_Saving_in_an_Overlapping_Generations_Model_pp.pdf

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