In this book Peter Diamond analyzes social security as a particular example of optimal taxation theory. Assuming a world of incomplete markets and asymmetric information, he uses a variety of simple models to illuminate the economic forces that bear on specific social security policy issues. The...

Intro -- Contents -- Series Foreword -- Laudation for Peter A.Diamond -- Preface -- 1 Introduction -- 2 Income Taxation -- 3 Models of Optimal Lifetime Income Taxation with Time-Consistent Preferences -- 4 Models of Optimal Lifetime Income Taxation with Time-Inconsistent Preferences -- 5...