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Elimination of Social Security in a Dynastic Framework Author info | Abstract | Publisher info | Download info | Related research | Statistics Luisa Fuster (Toronto & UPF)
Ayse Imrohoroglu (USC)
Selahattin Imrohoroglu (USC)
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In this paper we study the welfare effects of eliminating social security in a model with two sided altruism where social security provides insurance against lifetime and individual income uncertainty. Our findings indicate that households are able to shift the efficiency gains, generated through privatization of social security, across parents and children quite successfully. Contrary to a pure life-cycle setup, our framework yields significant support for even an uncompensated elimination of unfunded social security.
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Paper provided by EconWPA in its series Macroeconomics with number
0402008.
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Length: 30 pages
Date of creation: 04 Feb 2004Date of revision:
Handle: RePEc:wpa:wuwpma:0402008Note: Type of Document - pdf; prepared on Win2000; pages: 30Contact details of provider: Web page: http://129.3.20.41
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Find related papers by JEL classification: E - Macroeconomics and Monetary Economics
This paper has been announced in the following NEP Reports :
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Burkhard Heer & Andreas Irmen, 2008.
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"The Extension of Social Security Coverage in Developing Countries ,"
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Hans Fehr & Christian Habermann & Fabian Kindermann, 2008.
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2008-018, Center for Applied Economics and Policy Research, Economics Department, Indiana University Bloomington.
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