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Overlapping Generations (OLG) Models of Old Age Security

Overlapping Generations (OLG) Models of Old Age Security. Fall 2012. Family Based Old-Age Security. Family Based Old-Age Security. Pure Transfer Economy No Saving No Rate of Return. Pay as You Go (PAYGO) Social Security System. Pay as You Go (PAYGO) Social Security System.

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Overlapping Generations (OLG) Models of Old Age Security

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  1. Overlapping Generations (OLG) Models of Old Age Security Fall 2012

  2. Family Based Old-Age Security

  3. Family Based Old-Age Security • Pure Transfer Economy • No Saving • No Rate of Return

  4. Pay as You Go (PAYGO) Social Security System

  5. Pay as You Go (PAYGO) Social Security System • Pure Transfer Economy • No Saving • No Rate of Return

  6. Transition to Privatized System

  7. Transition to Privatized System • Investment plus Transfer Economy • Double burden during the transition • Net saving during the transition • No double burden after the transition • No net saving after the transition.

  8. Thank You

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