Discussion of 'Pension Systems and the Allocation of Macroeconomic Risks' by L. Bovenberg and H. Uhlig
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16 juin 2006
- ISIDORE Id: 10670/1.691f12...
- hal: hal-03459193
- SCIENCESPO: 2441/8706
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info:eu-repo/semantics/altIdentifier/hdl/2441/8706
http://creativecommons.org/licenses/by-nc-sa/ , info:eu-repo/semantics/OpenAccess
Sujets proches
Ak Applied science Arts, Useful Useful arts Science, Applied Long life Prolongation of life span Life, Long Life span prolongation Life extension Funds Funding Pattern Model Group discussion Historical demography Shape Forms (Shapes) Finance, commerce, confiscations, etc Demography DemographicsCiter ce document
Philippe Weil, « Discussion of 'Pension Systems and the Allocation of Macroeconomic Risks' by L. Bovenberg and H. Uhlig », HAL SHS (Sciences de l’Homme et de la Société), ID : 10670/1.691f12...
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Résumé
General comments : An ambitious project ; It provides a quantitative characterization of optimal intergenerational risk sharing in a world in which almost everything is random (productivity, demography, longevity), and in which investment is the engine of long-run growth (Ak model). This is done in a log-linear framework. Hence it is possible to understand precisely the role of preferences and technology on the shape of the optimal policy mix. A tour de force, indeed (...).
