A Fast Literature Search Engine based on top-quality journals, by Dr. Mingze Gao.
- Topic classification is ongoing.
- Please kindly let me know [mingze.gao@mq.edu.au] in case of any errors.
Your search
Publication year
Social Security as Trade among Living Generations.
Resource type
Authors/contributors
- Hansson, Ingemar (Author)
- Stuart, Charles (Author)
Title
Social Security as Trade among Living Generations.
Abstract
The authors study social security legislated endogenously by altruistic, overlapping generations. Starting from a steady-state equilibrium without social security, both generations living in a period can gain from legislation that mandates transfers from young to old in that and all subsequent periods. The social security allocation is Pareto optimal. Later living pairs of generations may lose, but do not amend the law. Copyright 1989 by American Economic Association.
Publication
American Economic Review
Volume
79
Issue
5
Pages
1182-95
Date
1989-12
Citation
Hansson, I., & Stuart, C. (1989). Social Security as Trade among Living Generations. American Economic Review, 79, 1182–1195.
Journals
Link to this record