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=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@DF12@