Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/17928
Full metadata record
DC FieldValueLanguage
dc.contributor.authorTurnovsky, Stephen J.en_US
dc.contributor.authorBruce, Neilen_US
dc.date.accessioned2009-01-28T15:05:00Z-
dc.date.available2009-01-28T15:05:00Z-
dc.date.issued2007en_US
dc.identifier.urihttp://hdl.handle.net/10419/17928-
dc.description.abstractWe construct a Blanchard-style overlapping generations model consisting of long-lived individuals who have uninsurable idiosyncratic risk resulting from uncertain retirement periods and medical costs in retirement. Without social insurance, such individuals must save for these eventualities. We examine the impact of pay-as-you-go social insurance policies (public pensions and medicare coverage) on individual and aggregate consumption, saving, and wealth levels as well as wealth distribution. We also derive expressions for optimal (Pareto improving) social insurance policies.en_US
dc.language.isoengen_US
dc.publisher|aKiel Institute for the World Economy (IfW) |cKiel-
dc.relation.ispartofseries|aEconomics Discussion Papers / Institut für Weltwirtschaft |x2007-5en_US
dc.subject.jelD91en_US
dc.subject.jelJ20en_US
dc.subject.jelE10en_US
dc.subject.ddc330en_US
dc.titleVariable Retirement and the Effects of Social Insurance on Savings, Wealth, and Welfareen_US
dc.typeWorking Paperen_US
dc.identifier.ppn557920515en_US
dc.rights.licensehttp://creativecommons.org/licenses/by-nc/2.0/de/deed.en-
dc.identifier.repecRePEc:zbw:ifwedp:5519-

Files in This Item:
File
Size
326.09 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.