Abstract
In this Chapter, we first derive the optimal path in a life-cycle model and then apply the result to ranking pension systems according to lifetime utility.
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© 2003 AndrĂ¡s Simonovits
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Simonovits, A. (2003). Optimal consumption path. In: Modeling Pension Systems. Palgrave Macmillan, London. https://doi.org/10.1057/9780230597693_12
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DOI: https://doi.org/10.1057/9780230597693_12
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-4039-1525-2
Online ISBN: 978-0-230-59769-3
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)