IDEAS home Printed from
MyIDEAS: Login to save this paper or follow this series

Social Security evaluation: A critique

  • Jorge Soares

The objective of this work is to evaluate the impact of a social security system on the well-being of each individual in the economy and to challenge the measures commonly used in this type of policy analysis. We show that measures based on the notion of actuarial fairness do not measure correctly the impact that social security has on each individual's well-being. We study the bias of these measures by relating it to different sources of heterogeneity and to the impact of social security on individual's decisions and on factor prices. In order to correctly evaluate the impact of social security on the well-being of an individual we need to take into account that this policy affects her welfare in other ways than through its direct impact on her lifetime income. Social security influences her labor and savings decisions as well as factor prices, affecting leisure levels, labor income and the return to savings. In sum, this paper reinforces the belief that, in order to accurately evaluate how social security system affects the well-being of the individuals, we need to use a general equilibrium framework where we can account for all the repercussions of social security.

To our knowledge, this item is not available for download. To find whether it is available, there are three options:
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.

Paper provided by Society for Computational Economics in its series Computing in Economics and Finance 2001 with number 139.

in new window

Date of creation: 01 Apr 2001
Date of revision:
Handle: RePEc:sce:scecf1:139
Contact details of provider: Web page:

More information through EDIRC

No references listed on IDEAS
You can help add them by filling out this form.

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

When requesting a correction, please mention this item's handle: RePEc:sce:scecf1:139. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Christopher F. Baum)

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.

This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.