Endogenous debt constraints in a life-cycle model with an application to social security

DOI10.1016/J.JEDC.2008.03.005MaRDI QIDQ2654424zbMATH OpenOpenAlexFDO

Authors David Andolfatto, Martin Gervais

Publication date 19 January 2010

Published in Journal of Economic Dynamics and Control (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.jedc.2008.03.005

zbMATH Keywords

debt constraintslife-cyclesocial security

Mathematics Subject Classification ID

Economic dynamics (91B55) Manpower systems in sociology (91D35) Actuarial science and mathematical finance (91G99)

Recommendations

• Endogenous Debt Constraints in Lifecycle Economies
• A life cycle analysis of social security
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• Debt Constrained Asset Markets
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Cites work

• A Quantitative Theory of Unsecured Consumer Credit with Risk of Default
• Debt Constrained Asset Markets
• Efficiency, Equilibrium, and Asset Pricing with Risk of Default
• Implications of Efficient Risk Sharing without Commitment
• Liquidity Constrained Markets Versus Debt Constrained Markets
• Public versus private risk sharing
• Welfare implications of endogenous credit limits with bankruptcy

Cited in

(5)

• Public versus private provision of liquidity: is there a trade-off?
• Unemployment dynamics in an OLG economy with public pensions
• Consumer default with complete markets: default-based pricing and finite punishment
• Endogenous Debt Constraints in Lifecycle Economies
• Endogenous trading constraints with incomplete asset markets

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