Hunting the unobservables for optimal social security: a general equilibrium approach

Authors :: Caliendo, Frank N.
Gahramanov, Emin
Source :: Public Finance Review. July, 2009, Vol. 37 Issue 4, p470, 33 p.
Publication Year :: 2009
Abstract: A study was conducted to examine the optimal size of a pay-as-you-go social security program for an economy composed of permanent income and hand-to-mouth consumers. This issue is studied in a life-cycle general equilibrium model. The welfare consequences of social security are also analyzed.

Subjects :: Social security -- Economic aspects
Permanent income -- Research
Banking, finance and accounting industries
Government

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