Discussion of 'Pension Systems and the Allocation of Macroeconomic Risks' by L. Bovenberg and H. Uhlig - Sciences Po Access content directly
Conference Papers Year : 2006

Discussion of 'Pension Systems and the Allocation of Macroeconomic Risks' by L. Bovenberg and H. Uhlig

Abstract

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 (...).
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Dates and versions

hal-03459193 , version 1 (30-11-2021)

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  • HAL Id : hal-03459193 , version 1
  • SCIENCESPO : 2441/8706

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Philippe Weil. Discussion of 'Pension Systems and the Allocation of Macroeconomic Risks' by L. Bovenberg and H. Uhlig. NBER International Seminar on Macroeconomics 2006, National Bureau of Economic Research (NBER), Jun 2006, Tallinn, Estonia. ⟨hal-03459193⟩
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