A positive theory of social security based on reputation

被引:112
作者
Cooley, TF [1 ]
Soares, J
机构
[1] Univ Rochester, Rochester, NY 14627 USA
[2] George Washington Univ, Washington, DC 20052 USA
[3] Portuguese Catholic Univ, Lisbon, Portugal
关键词
D O I
10.1086/250053
中图分类号
F [经济];
学科分类号
02 ;
摘要
We construct a general equilibrium model in which a pay-as-you-go social security system can be adopted and sustained as a political and economic equilibrium. We analyze the welfare implications of this system and compare general equilibrium welfare measures to the commonly used notion of actuarial fairness.
引用
收藏
页码:135 / 160
页数:26
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