Home › Categories › Education & Learning› Download (172kB)

Download (172kB).pdf

300.pdf

🔗 Source: amsacta.unibo.it

📊 Size: 168 KB

📄 Pages: 41 pages

⬇️ Downloads: 59

Summary

The authors consider the existence and characterization of a Self-Sustaining Mechanism, stable across generations, and show that the long-run equilibrium outcome depends on the risk-aversion and propensity for early liquidity needs of the agents. The paper compares "Banking" or PAYG systems, of both an intra- and inter-generational nature, versus Stock Market based inter-generational financial systems, and addresses questions related to the transition to the steady state and non-cooperative intergenerational choices.

Download File

Description

The authors consider the existence and characterization of a Self-Sustaining Mechanism, stable across generations, and show that the long-run equilibrium...

Technical Information

File Format: PDF
File Size: 168 KB
Pages: 41
Language: EN
Total Downloads: 59
Last Updated: 1 week ago

Document Overview

This PDF document about Download (172kB) provides comprehensive information and guidance. Whether you're a beginner or advanced user, this resource offers valuable insights into Download (172kB).