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income distribution, labor supply, partial insurance, progressivity, skill investment, valued government expenditures, welfare
Fiscal discipline, Fiscal policy, General equilibrium, Government debt, High debt in Greece and Italy, Intergenerational conflict, Markov equilibrium, Political economy, Public goods, Repeated voting
China, Credit market imperfections, Demographic transition, Economic growth, Fully funded system, Inequality, Intergenerational redistribution, Labor supply, Migration, Pensions, Poverty
austerity programs, debt overhang, default, European debt crisis, fiscal policy, Great Recession, Greece, International Monetary Fund, limited commitment, moral hazard, renegotiation, risk premia, sovereign debt, structural reforms
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