RDP 2004-01: The Impact of Superannuation on Household Saving
Equation (B7)
w
t
y
=
s
e
t
y
+
(
1
−
s
)
e
t
y
−
c
t
y
w
t
+
1
m
=
s
e
t
+
1
m
+
(
1
−
s
)
e
t
+
1
m
−
c
t
+
1
m
+
(
1
+
r
t
)
w
t
y
w
t
+
2
o
=
e
t
+
2
o
−
c
t
+
2
o
+
(
1
+
r
t
+
1
)
w
t
+
1
m
=
0
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