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Discussion of 'Pension Systems and the Allocation of Macroeconomic Risks' by L. Bovenberg and H. Uhlig

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  • Philippe Weil

    (OFCE - Observatoire français des conjonctures économiques (Sciences Po) - Sciences Po - Sciences Po)

Abstract

General comments : An ambitious project ; It provides a quantitative characterization of optimal intergenerational risk sharing in a world in which almost everything is random (productivity, demography, longevity), and in which investment is the engine of long-run growth (Ak model). This is done in a log-linear framework. Hence it is possible to understand precisely the role of preferences and technology on the shape of the optimal policy mix. A tour de force, indeed (...).

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  • Philippe Weil, 2006. "Discussion of 'Pension Systems and the Allocation of Macroeconomic Risks' by L. Bovenberg and H. Uhlig," Post-Print hal-03459193, HAL.
  • Handle: RePEc:hal:journl:hal-03459193
    Note: View the original document on HAL open archive server: https://sciencespo.hal.science/hal-03459193
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