@ARTICLE{26543120_43988503_2011, 
	author = {Dmitri Borzykh and Aleksey Sholomitsky}, 
	keywords = {, life cycle models, intertemporal consumption, consumption and savings modelslabor supply},
	title = {A Life-Cycle Model with Myopic Decision Making},
	journal = {HSE Economic Journal },
	year = {2011},
	volume = {15},
	number = {3},
	pages = {383-398},
	url = {https://ej.hse.ru/en/2011-15-3/43988503.html},
	publisher = {},
	abstract = {A dynamic model of individual consumption, saving and labor supply with obligatory pension insurance is considered. A distinctive feature of the model is a myopic approach to decision making, as the decision horizon is bounded to two periods: current period t and the next period t +1. An analytic solution of a two-period optimization problem is obtained. The model generates labor supply and income age-related curves which agree with empirical observations.},
	annote = {A dynamic model of individual consumption, saving and labor supply with obligatory pension insurance is considered. A distinctive feature of the model is a myopic approach to decision making, as the decision horizon is bounded to two periods: current period t and the next period t +1. An analytic solution of a two-period optimization problem is obtained. The model generates labor supply and income age-related curves which agree with empirical observations.}
}