Policymakers often have to balance competing interests of different generations. For instance, debt laws or climate policy inherently come with opposing implications on the old and the young. To properly analyze these policies, economists usually rely on the so-called overlaping generations (OLG) model, which is traditionally cast in discrete time. In this project, I reformulate the problem in continuous time which offers advantages for the numerical treatment. Additionally, I develop a solution method that deals with challenges that arise when we incoporate different sources of risk in the model.