Social Security as Markov Equilibrium in OLG Models: A Note

Martín Gonzalez Eiras ()
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Martín Gonzalez Eiras: Department of Economics, Universidad de San Andres & CONICET
Authors registered in the RePEc Author Service: Martin Gonzalez-Eiras

No 105, Working Papers from Universidad de San Andres, Departamento de Economia

Abstract: I refine and extend the Markov perfect equilibrium of the social security policy game in Forni (2005) for the special case of logarithmic utility. Under the restriction that the policy function be continuous, instead of differentiable, the equilibrium is globally well defined and its dynamics always stable.

Keywords: social security; overlapping generations models; Markov equilibria (search for similar items in EconPapers)
Pages: 6 pages
Date: 2010-09, Revised 2010-09
New Economics Papers: this item is included in nep-dge and nep-pub
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Citations: View citations in EconPapers (2)

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https://webacademicos.udesa.edu.ar/pub/econ/doc105.pdf First version, 2010 (application/pdf)

Related works:
Journal Article: Social security as Markov equilibrium in OLG models: a note (2011)
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Persistent link: https://EconPapers.repec.org/RePEc:sad:wpaper:105

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