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Reciprocal Altruism and Pension System in Overlapping Generations Models

Kirill Borissov () and Alexander Surkov ()

No 2008/01, EUSP Department of Economics Working Paper Series from European University at St. Petersburg, Department of Economics

Abstract: We analyze equilibrium paths in two models of overlapping generations with reciprocal altruism. The first one allows us to consider a case of different propensity to of consumer to support her children and parents (non-symmetrical altruism). In this model, an equilibrium is a Nash equilibrium. The second model describes a case equivalent to a situation, when two succeeding generations (not working parents and working children) have common budget. (In Russian).

Keywords: economic growth; overlapping generations; pension; social security (search for similar items in EconPapers)
JEL-codes: D91 E24 H55 O40 (search for similar items in EconPapers)
Pages: 40 pages
Date: 2008-11-16, Revised 2008-12-10
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