Social security as Markov equilibrium in OLG models: a note

B-Tier
Journal: Review of Economic Dynamics
Year: 2011
Volume: 14
Issue: 3
Pages: 549-552

Score contribution per author:

2.011 = (α=2.01 / 1 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

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. (Copyright: Elsevier)

Technical Details

RePEc Handle
repec:red:issued:10-31
Journal Field
Macro
Author Count
1
Added to Database
2026-01-25