RDP 2004-01: The Impact of Superannuation on Household Saving Equation (B4)

c t y = 1 ( 1+ r t )( 1+ r t+1 ) ( e t+2 o +( 1+ r t+1 ) e t+1 m +( 1+ r t )( 1+ r t+1 ) e t y ) ( β 2 +β+1 ) c t+1 m = β ( 1+ r t+1 ) ( e t+2 o +( 1+ r t+1 ) e t+1 m +( 1+ r t )( 1+ r t+1 ) e t y ) ( β 2 +β+1 ) c t+2 o = β 2 ( e t+2 o +( 1+ r t+1 ) e t+1 m +( 1+ r t )( 1+ r t+1 ) e t y ) ( β 2 +β+1 ) MathType@MTEF@5@5@+=feaagCart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLnhiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=xfr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGceaqabeaacaWGJbWaa0baaSqaaiaadshaaeaacaWG5baaaOGaeyypa0ZaaSaaaeaacaaIXaaabaWaaeWaaeaacaaIXaGaey4kaSIaamOCamaaBaaaleaacaWG0baabeaaaOGaayjkaiaawMcaamaabmaabaGaaGymaiabgUcaRiaadkhadaWgaaWcbaGaamiDaiabgUcaRiaaigdaaeqaaaGccaGLOaGaayzkaaaaamaalaaabaWaaeWaaeaacaWGLbWaa0baaSqaaiaadshacqGHRaWkcaaIYaaabaGaam4BaaaakiabgUcaRmaabmaabaGaaGymaiabgUcaRiaadkhadaWgaaWcbaGaamiDaiabgUcaRiaaigdaaeqaaaGccaGLOaGaayzkaaGaamyzamaaDaaaleaacaWG0bGaey4kaSIaaGymaaqaaiaad2gaaaGccqGHRaWkdaqadaqaaiaaigdacqGHRaWkcaWGYbWaaSbaaSqaaiaadshaaeqaaaGccaGLOaGaayzkaaWaaeWaaeaacaaIXaGaey4kaSIaamOCamaaBaaaleaacaWG0bGaey4kaSIaaGymaaqabaaakiaawIcacaGLPaaacaWGLbWaa0baaSqaaiaadshaaeaacaWG5baaaaGccaGLOaGaayzkaaaabaWaaeWaaeaacqaHYoGydaahaaWcbeqaaiaaikdaaaGccqGHRaWkcqaHYoGycqGHRaWkcaaIXaaacaGLOaGaayzkaaaaaaqaaiaadogadaqhaaWcbaGaamiDaiabgUcaRiaaigdaaeaacaWGTbaaaOGaeyypa0ZaaSaaaeaacqaHYoGyaeaadaqadaqaaiaaigdacqGHRaWkcaWGYbWaaSbaaSqaaiaadshacqGHRaWkcaaIXaaabeaaaOGaayjkaiaawMcaaaaadaWcaaqaamaabmaabaGaamyzamaaDaaaleaacaWG0bGaey4kaSIaaGOmaaqaaiaad+gaaaGccqGHRaWkdaqadaqaaiaaigdacqGHRaWkcaWGYbWaaSbaaSqaaiaadshacqGHRaWkcaaIXaaabeaaaOGaayjkaiaawMcaaiaadwgadaqhaaWcbaGaamiDaiabgUcaRiaaigdaaeaacaWGTbaaaOGaey4kaSYaaeWaaeaacaaIXaGaey4kaSIaamOCamaaBaaaleaacaWG0baabeaaaOGaayjkaiaawMcaamaabmaabaGaaGymaiabgUcaRiaadkhadaWgaaWcbaGaamiDaiabgUcaRiaaigdaaeqaaaGccaGLOaGaayzkaaGaamyzamaaDaaaleaacaWG0baabaGaamyEaaaaaOGaayjkaiaawMcaaaqaamaabmaabaGaeqOSdi2aaWbaaSqabeaacaaIYaaaaOGaey4kaSIaeqOSdiMaey4kaSIaaGymaaGaayjkaiaawMcaaaaaaeaacaWGJbWaa0baaSqaaiaadshacqGHRaWkcaaIYaaabaGaam4Baaaakiabg2da9iabek7aInaaCaaaleqabaGaaGOmaaaakmaalaaabaWaaeWaaeaacaWGLbWaa0baaSqaaiaadshacqGHRaWkcaaIYaaabaGaam4BaaaakiabgUcaRmaabmaabaGaaGymaiabgUcaRiaadkhadaWgaaWcbaGaamiDaiabgUcaRiaaigdaaeqaaaGccaGLOaGaayzkaaGaamyzamaaDaaaleaacaWG0bGaey4kaSIaaGymaaqaaiaad2gaaaGccqGHRaWkdaqadaqaaiaaigdacqGHRaWkcaWGYbWaaSbaaSqaaiaadshaaeqaaaGccaGLOaGaayzkaaWaaeWaaeaacaaIXaGaey4kaSIaamOCamaaBaaaleaacaWG0bGaey4kaSIaaGymaaqabaaakiaawIcacaGLPaaacaWGLbWaa0baaSqaaiaadshaaeaacaWG5baaaaGccaGLOaGaayzkaaaabaWaaeWaaeaacqaHYoGydaahaaWcbeqaaiaaikdaaaGccqGHRaWkcqaHYoGycqGHRaWkcaaIXaaacaGLOaGaayzkaaaaaaaaaa@DF12@