Caucutt, Elizabeth M.; Cooley, Thomas F.; Guner, Nezih - Institute for the Study of Labor (IZA) - 2008
In this paper we study the social, demographic and economic origins of social security. The data for the U.S. and for a … social insurance. We describe a model economy in which demographics, technology, and social security are linked together. We … probabilities. Furthermore, the level of social security is determined by majority voting. We show that a calibrated version of this …