Social Security Design in the UK: What is optimal?
This paper uses a simple model of how households at different points on the income distribution make decisions about saving and labour supply to illustrate some of the problems government faces in designing social security systems. We show simulation results, which highlight the costs and benefits of alternative pension and income support regimes, and analyse what is happening in the UK in the light of the results.
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Volume (Year): 24 (2003)
Issue (Month): 2 (June)
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