optimal consumption & Social Security - 經濟

※ 引述《wmja4387 (P幣怎麼賺？)》之銘言：
: 學校:University of Maryland 大學部
: 教師:Jessica Hennessey
: 科目:Theory of Public Finance and Fiscal Federalism
: 題目:http://tinyurl.com/2ga6zl 第五題

1. First calculate lifetime income: w=100+50/1.1=145.45...
Solve Max U by substituting c2=1.1(w-c1)
Then you have c1*=w/2=72.72... c2*=80, therefore saving=s*=27.27...

2. I think the new system doesn't change anything at all since 10<s*

3. This argument is interesting. I think it's wrong since grandfather's $10
is father's $11 and son's $12.1, Gov needs to increase tax to finance it.

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