This paper surveys recent advances in the field of computable general and partial
equilibrium models dealing with pension issues that take into account various aspects of …

With looming fiscal pressure from an aging population, policy makers must grapple with the
question of how to restore solvency to the Social Security budget. At this crossroads, it …

The economic models that prescribe Pigovian taxation as the first-best means of reducing
energy-related externalities are typically based on the neoclassical model of rational …

We adopt a two-stage Method of Simulated Moments to estimate the preference parameters
in a life-cycle consumption-saving model augmented with temptation disutility. Our approach …

This paper analyzes a fully funded social security system under the assumption that agents
face temptation issues. Agents are required to save through individually managed Personal …

Traditional economic theory predicts that an unfunded public pension system can be
justified on the basis of its ability to provide intergenerational transfers, and also for its ability …

We develop an overlapping-generations model for a closed economy with uncertainty on
labor income and mortality risk to show that unfunded social security programs may increase …

We study the optimal provision of social security in a dynamically efficient economy using a
continuous-time overlapping-generations model in which consumers have short planning …

İmrohoroğlu et al.(2003) prove that it is impossible in a three period partial equilibrium
model for social security to improve the welfare of a naive quasi-hyperbolic agent if the …

Many countries, in an effort to address the problem that many retirees have too little saved
up, impose mandatory contributions into retirement accounts, that too, in an age …