Optimal Rate Calculation of Old-age Pension under General Equilibrium OLG Framework

The pension is a kind of financial products, so there must be corresponding to the market demand to show its value. Pensions, compared with general financial products, both financial products in common, also has its particularity, which corresponds to the special financial needs. This article introduced Abel (1987) has the survival of the intergenerational overlap model uncertainty, and under the framework of general equilibrium pension investment optimal rate calculation.