Pareto Improving Social Security Reform when Financial Markets are Incomplete?
收藏NBER2003-01-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w9410
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资源简介：
This paper studies an Overlapping Generations model with stochastic production and incomplete markets to assess whether the introduction of an unfunded social security system can lead to a Pareto improvement. When returns to capital and wages are imperfectly correlated, the consumption variance of
提供机构：
美国国家经济研究局
创建时间：
2003-01-01
