This paper uses a overlapping generation general equilibrium model to study a reform of the social security system, going from an unfunded to a funded system. We also analyze the effects of this reform on the incentives of young generations to acquire skills. the main objective is to evaluate the different dynamics generated conditional on the speed of the reform, exogenously specified, and to quantify the effects on individuals welfare. The model has been calibrated to the Spanish economy so that we obtain quantitative results for the Spanish case.
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Paper provided by Universitat de Barcelona. Espai de Recerca en Economia in its series Working Papers in Economics with number
42.
Length: 0 pages Date of creation: 1998 Date of revision: Handle: RePEc:bar:bedcje:199842
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Find related papers by JEL classification: D58 - Microeconomics - - General Equilibrium and Disequilibrium - - - Computable and Other Applied General Equilibrium Models D91 - Microeconomics - - Intertemporal Choice and Growth - - - Intertemporal Consumer Choice; Life Cycle Models and Saving H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions
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