Um algoritmo numérico para o cálculo dos estados estacionários e da dinâmica de transição em modelos de gerações superpostas

Abstract

This paper provides an algorithm to deal with overlapping generations model with too many generations. A feature of the algorithm is that it simulates all the trajectory of the economy, rather than particular steady states associated with some values to the parameters or police hypothesis, e.g. how to finance social insurance. An example is presented to show how the algorithm works simulating the transition from a PAYGO to a fully funded social security system.