Impacto sobre a renda per capita de longo prazo dos sistemas previdenciários de repartição
In this paper we developed an overlapping generation model in continuos time. The life span of the households has two stages. The first stage begins after birth and ends at the age of retirement. During this stage households supply work ineslasticaly, consume and accumulate assets. The second stage...
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| Format: | Article |
| Language: | Portuguese |
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Universidade de São Paulo
1998-08-01
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| Series: | Economia Aplicada |
| Subjects: | |
| Online Access: | https://www.revistas.usp.br/ecoa/article/view/217787 |
| _version_ | 1797648411838644224 |
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| author | Samuel de Abreu Pessôa |
| author_facet | Samuel de Abreu Pessôa |
| author_sort | Samuel de Abreu Pessôa |
| collection | DOAJ |
| description |
In this paper we developed an overlapping generation model in continuos time. The life span of the households has two stages. The first stage begins after birth and ends at the age of retirement. During this stage households supply work ineslasticaly, consume and accumulate assets. The second stage starts after retirement and the household faces a death probability which is positive. During this stage the income of the household comes from private assets and from a social security system which runs in a pay-as you-go basis. After aggregating the decisions of the individuals we founded an equation that determines the capital stock in the steady state. The model was solved numerically in order to find the long-run income under the system fully founded and under the pay-as-you-go system. The death risk took into consideration a case where there is an insurance company that pays annuities when the individual is alive and a case where such company is absent. In the last case the individual will leave assets after he dies as an involuntary bequest caused by precautionary behavior.
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| first_indexed | 2024-03-11T15:31:49Z |
| format | Article |
| id | doaj.art-1bca80e775b549169f31b732d9599f92 |
| institution | Directory Open Access Journal |
| issn | 1413-8050 1980-5330 |
| language | Portuguese |
| last_indexed | 2024-03-11T15:31:49Z |
| publishDate | 1998-08-01 |
| publisher | Universidade de São Paulo |
| record_format | Article |
| series | Economia Aplicada |
| spelling | doaj.art-1bca80e775b549169f31b732d9599f922023-10-27T04:09:34ZporUniversidade de São PauloEconomia Aplicada1413-80501980-53301998-08-0124Impacto sobre a renda per capita de longo prazo dos sistemas previdenciários de repartiçãoSamuel de Abreu Pessôa0Universidade de São Paulo. Faculdade de Economia, Administração e Contabilidade In this paper we developed an overlapping generation model in continuos time. The life span of the households has two stages. The first stage begins after birth and ends at the age of retirement. During this stage households supply work ineslasticaly, consume and accumulate assets. The second stage starts after retirement and the household faces a death probability which is positive. During this stage the income of the household comes from private assets and from a social security system which runs in a pay-as you-go basis. After aggregating the decisions of the individuals we founded an equation that determines the capital stock in the steady state. The model was solved numerically in order to find the long-run income under the system fully founded and under the pay-as-you-go system. The death risk took into consideration a case where there is an insurance company that pays annuities when the individual is alive and a case where such company is absent. In the last case the individual will leave assets after he dies as an involuntary bequest caused by precautionary behavior. https://www.revistas.usp.br/ecoa/article/view/217787social securitylife ciclesavinginsurance |
| spellingShingle | Samuel de Abreu Pessôa Impacto sobre a renda per capita de longo prazo dos sistemas previdenciários de repartição Economia Aplicada social security life cicle saving insurance |
| title | Impacto sobre a renda per capita de longo prazo dos sistemas previdenciários de repartição |
| title_full | Impacto sobre a renda per capita de longo prazo dos sistemas previdenciários de repartição |
| title_fullStr | Impacto sobre a renda per capita de longo prazo dos sistemas previdenciários de repartição |
| title_full_unstemmed | Impacto sobre a renda per capita de longo prazo dos sistemas previdenciários de repartição |
| title_short | Impacto sobre a renda per capita de longo prazo dos sistemas previdenciários de repartição |
| title_sort | impacto sobre a renda per capita de longo prazo dos sistemas previdenciarios de reparticao |
| topic | social security life cicle saving insurance |
| url | https://www.revistas.usp.br/ecoa/article/view/217787 |
| work_keys_str_mv | AT samueldeabreupessoa impactosobrearendapercapitadelongoprazodossistemasprevidenciariosdereparticao |