Title of article
Constraints in perfect-foresight models: The case of old-age savings and public pensions
Author/Authors
Lex Meijdam، نويسنده , , Marijn Verhoeven، نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 1995
Pages
9
From page
129
To page
137
Abstract
The solution of discrete-time perfect-foresight models with constrained state variables differs considerably from the solution of models without constraints. In this paper this is worked out for a simple model of decision making on public pensions.
Keywords
Constraints , Public pensions , Dynamics , Perfect foresight
Journal title
Economics Letters
Serial Year
1995
Journal title
Economics Letters
Record number
433908
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