Social security as Markov equilibrium in OLG models: Clarifications and some new insights
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DOI: 10.1016/j.econlet.2022.110707
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- Valentin Marian Antohi & Romeo Victor Ionescu & Marius Sorin Dinca & Monica Laura Zlati & Costinela Fortea, 2023. "Dynamics of the Social Security Index in the Context of the Economic Crisis in Romania," Sustainability, MDPI, vol. 15(4), pages 1-17, February.
- Lopez-Velasco, Armando R., 2024. "Markov equilibrium of social security: An analytic solution under CRRA utility and the future of social security," Economic Modelling, Elsevier, vol. 132(C).
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More about this item
Keywords
Social security; Political-economy model; Overlapping generations; Markov perfect; Golden rule; Dynamic inefficiency;All these keywords.
JEL classification:
- C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
- H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions
- E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
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