Jaká je optimální míra úspor z pohledu příjemců úroků?
What is the Optimum Saving Rate from the Perspective of the Receivers of Interest?
Pavel Potužák ()
Politická ekonomie, 2017, vol. 2017, issue 1, 45-61
This paper investigates the optimum saving rate from the perspective of the receivers of interest. The first part lists major contributions detected in the literature on the optimum saving rate and differential games of capitalism. The second part explores the socially optimal saving rate connected to the maximum sustainable consumption per person. A new graphical method is used to show the distribution of consumption goods between wage earners and receivers of interest. The optimum saving rate of the receivers of interest is derived in the third section. The mathematical formula indicates that this rate is lower than the golden rule, and it coincides with the optimum of the Ramsey-Cass-Koopmans model only under specific circumstances.
Keywords: interest rate; time preference; optimum saving rate; golden rule of capital accumulation (search for similar items in EconPapers)
JEL-codes: E13 E21 E25 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:prg:jnlpol:v:2017:y:2017:i:1:id:1126:p:45-61
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