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Altruism, borrowing constraints, and social security

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Author Info
David Altig
Steve J. Davis

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Abstract

An examination of how intergenerational altruism and borrowing constraints shape the interest rate, savings, and welfare response to funded and unfunded Social Security programs.

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File URL: http://www.clevelandfed.org/research/Workpaper/1989/wp8918.pdf
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Publisher Info
Paper provided by Federal Reserve Bank of Cleveland in its series Working Paper with number 8918.

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Date of creation: 1989
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Handle: RePEc:fip:fedcwp:8918

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Related research
Keywords: Interest rates ; Social security ; Saving and investment ; Altruism;

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  1. Joseph G. Altonji & Fumio Hayashi & Laurence J. Kotlikoff, 1993. "Is the Extended Family Altruistically Linked? Direct Tests Using Micro Data," NBER Working Papers 3046, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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