Gonzalez-Eiras, Martín; Niepelt, Dirk - CESifo - 2005
the distributive conflict between old and young voters by shifting some of the cost of social security to the unborn. As a … policy. The model predicts population ageing to lead to larger social security systems, but eventually lower benefits per … retiree. Under realistic parameter values, it predicts a social-security tax rate close to the actual one, but higher than the …