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Intergeneration risk-sharing via social security when financial markets are incomplete

Krueger, Dirk; Kubler, Felix - In: The American economic review 92 (2002) 2, pp. 407-410

Persistent link: https://www.econbiz.de/10001706734

Computing equilibrium in OLG models with stochastic production

Krueger, Dirk; Kubler, Felix - In: Journal of economic dynamics & control 28 (2004) 7, pp. 1411-1436

Persistent link: https://www.econbiz.de/10001880854

Intergenerational risk sharing via social security when financial markets are incomplete

Krueger, Dirk (contributor); Kubler, Felix (contributor) - 2001 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10001919553

Social security and risk sharing

Gottardi, Piero; Kubler, Felix - 2006

In this paper we identify conditions under which the introduction of a pay-as-you-go social security system is ex-ante Pareto-improving in a stochastic overlapping generations economy with capital accumulation and land. We argue that these conditions are consistent with many calibrations of the...

Persistent link: https://www.econbiz.de/10003335808