RDP 2004-01: The Impact of Superannuation on Household Saving
Equation (B10)
c
T
m
=
e
T
+
1
o
+
(
1
+
r
T
)
e
T
m
+
(
1
+
r
T
)
(
1
+
r
T
−
1
)
w
T
−
1
y
(
1
+
w
s
)
(
1
+
r
T
)
(
1
+
β
)
if
w
T
−
1
y
>
0
c
T
+
1
o
=
β
e
T
+
1
o
+
(
1
+
r
T
)
e
T
m
+
(
1
+
r
T
)
(
1
+
r
T
−
1
)
w
T
−
1
y
(
1
+
w
s
)
1
+
β
if
w
T
−
1
y
>
0
c
T
o
=
e
T
o
+
(
1
+
r
T
−
1
)
w
T
−
1
m
(
1
+
w
s
)
if
w
T
−
1
y
>
0
c
t
y
=
c
t
y
,
B
,
c
t
m
=
c
t
m
,
B
,
c
t
o
=
c
t
o
,
B
in
all
other
cases
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