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
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