Kumru, Cagri S.; Thanopoulos, Athanasios C. - In: Journal of Public Economics 95 (2011) 7, pp. 886-899
This paper analyzes a fully funded social security system under the assumption that agents face temptation issues … complete elimination of social security is among the reform scenarios that maximize welfare. However, when self control … preferences are introduced, and as the intensity of self control becomes progressively more severe the “social security …