Browsing Department of Economics (ECO) by Subject "Intergenerational risk sharing"

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Browsing Department of Economics (ECO) by Subject "Intergenerational risk sharing"

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    Title: Social Security and Risk Sharing  Author(s): GOTTARDI, Piero; KUBLER, Felix Date: 2011-01-01 Type of Publication: Article Abstract: In this paper we identify conditions under which the introduction of a pay-as-you-go social security system is ex ante Pareto-improving in a stochastic OLG economy with capital accumulation and land. We argue that these ...