RDP 2006-06: Ageing, Retirement and Savings: A General Equilibrium Analysis Equation (A3)

∑ s=1 T ( 1− l s,t+s−1 ) e s w t+s−1 R t t+s−1 − ∑ s=1 T c s,t+s−1 R t t+s−1 =0 MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaWaaabCaeaada WcaaqaamaabmaabaGaaGymaiabgkHiTiaadYgadaWgaaWcbaGaam4C aiaacYcacaWG0bGaey4kaSIaam4CaiabgkHiTiaaigdaaeqaaaGcca GLOaGaayzkaaGaamyzamaaBaaaleaacaWGZbaabeaakiaadEhadaWg aaWcbaGaamiDaiabgUcaRiaadohacqGHsislcaaIXaaabeaaaOqaai aadkfadaqhaaWcbaGaamiDaaqaaiaadshacqGHRaWkcaWGZbGaeyOe I0IaaGymaaaaaaGccqGHsisldaaeWbqaamaalaaabaGaam4yamaaBa aaleaacaWGZbGaaiilaiaadshacqGHRaWkcaWGZbGaeyOeI0IaaGym aaqabaaakeaacaWGsbWaa0baaSqaaiaadshaaeaacaWG0bGaey4kaS Iaam4CaiabgkHiTiaaigdaaaaaaOGaeyypa0JaaGimaaWcbaGaam4C aiabg2da9iaaigdaaeaacaWGubaaniabggHiLdaaleaacaWGZbGaey ypa0JaaGymaaqaaiaadsfaa0GaeyyeIuoaaaa@6AF0@