RDP 2006-06: Ageing, Retirement and Savings: A General Equilibrium Analysis
Equation (A2)
v
(
s
,
T
)
β
s
−
1
l
s
,
t
+
s
−
1
−
ρ
−
λ
e
s
w
t
+
s
−
1
R
t
t
+
s
−
1
−
μ
s
,
t
+
s
−
1
=
0
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