文章基本信息

标题：Equilibrium dynamics with different types of pay-as-you-go pension schemes
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作者：Andreas Wagener
期刊名称：Economics Bulletin
电子版ISSN：1545-2921
出版年度：2003
卷号：8
出版社：Economics Bulletin
摘要：We analyse the steady-state equilibrium dynamics of an OLG economy with a pay-as-you-go (PAYG) pension scheme that relates old-age pensions to previous earnings. Contrary to an economy where PAYG pensions depend on the earnings of those currently working, such an economy may experience complex equilibrium dynamics with endogenous cycles and bifurcations.
关键词：bifurcations