Title:Social Security and Risk Sharing Author(s):GOTTARDI, Piero; KUBLER, FelixDate:2011-01-01Citation:
- Journal of Economic Theory, 2011, 146, 3, 1078-1106
Type:ArticleAbstract:, and arises from an improvement in intergenerational risk sharing. We also examine the optimal size of a given social security system as well as its optimal reform.
Title:Social Security and Risk Sharing Author(s):GOTTARDI, Piero; KUBLER, FelixDate:2009Type:Working PaperSeries/Number:EUI ECO; 2009/12Abstract:. Therefore, a welfare improvement can only be obtained if agents.welfare is evaluated ex ante, and arises from the possibility of inducing, through social security, an improved level of intergenerational risk sharing. We ...