Gottardi, Piero; Kubler, Felix - Society for Economic Dynamics - SED - 2004
We examine the possibility of a Pareto-improving pay-as-you-go social security system, using an ex-ante welfare … criterion. Our objective is to identify the conditions under which a suitably designed pay-as-you-go social security system is … obtained with regard to the agents' ex ante welfare, and arise from the possibility of inducing, through social security, an …