Social security as Markov equilibrium in OLG models: A note

Research output: Contribution to journalJournal articlepeer-review

  • Martin Gonzalez Eiras
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.
Original languageEnglish
JournalReview of Economic Dynamics
Volume14
Issue number3
Pages (from-to)549-552
Number of pages4
ISSN1094-2025
Publication statusPublished - 2011

ID: 46842414