Optimal consumption path

András Simonovits
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András Simonovits: Hungarian Academy of Scientists

Chapter Chapter 11 in Modeling Pension Systems, 2003, pp 105-113 from Palgrave Macmillan

Abstract: Abstract In this Chapter, we first derive the optimal path in a life-cycle model and then apply the result to ranking pension systems according to lifetime utility.

Keywords: Utility Function; Funded System; Credit Constraint; Lifetime Utility; Consumption Path (search for similar items in EconPapers)
Date: 2003
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-4039-3845-9_12

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DOI: 10.1057/9781403938459_12

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