Caucutt, Elizabeth M.; Cooley, Thomas F.; Guner, Nezih - Barcelona Graduate School of Economics (Barcelona GSE) - 2012
We study the social, demographic and economic origins of social security. The data for the U.S. and for a cross section … describe an OLG model in which demographics, technology, and social security are linked together in a political economy …-you-go social security system. With structural change, people migrate to the city, the land loses its importance and support for …