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RDP 9511: Superannuation and Saving
Equation (9b)
s
n
t
y
t
=
α
0
+
α
1
(
A
t
y
t
)
+
α
2
(
y
L
t
y
t
)
+
α
3
r
t
+
α
4
D
t
+
α
5
Δ
Y
˜
t
+
α
6
Π
t
+
α
7
Δ
U
t
+
(
α
8
−
1
)
s
s
t
y
t
+
ε
t
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