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dc.contributor.authorLorz, Jens Oliveren_US
dc.date.accessioned2011-06-30T15:07:08Z-
dc.date.available2011-06-30T15:07:08Z-
dc.date.issued1999en_US
dc.identifier.urihttp://hdl.handle.net/10419/46972-
dc.description.abstractAn overlapping generations model is set up in this paper to analyze social security policy in a representative democracy with asymmetric information. The model considers not only redistribution between generations but also redistribution within generations according to individual labor incomes. Labor supply and savings are endogenous. The government is able to observe labor incomes, but not labor supply, savings or capital incomes. Two main results are derived in this setting: First, consumption levels are perfectly equalized within both generations. Second, a redistribution bias exists in favor of the old generation: the old generation receives a higher level of consumption than the young generation although both generations have the same weight in the objective function of the government.en_US
dc.language.isoengen_US
dc.publisherKiel Institute for the World Economy (IfW) Kielen_US
dc.relation.ispartofseriesKiel Working Papers 957en_US
dc.subject.jelE62en_US
dc.subject.jelD78en_US
dc.subject.jelD82en_US
dc.subject.ddc330en_US
dc.subject.keywordOverlapping generationsen_US
dc.subject.keywordredistributionen_US
dc.subject.keywordpolitical economyen_US
dc.subject.keywordasymmetric informationen_US
dc.subject.stwFinanzsektoren_US
dc.subject.stwWirtschaftswachstumen_US
dc.subject.stwInternationaler Finanzmarkten_US
dc.subject.stwVolatilitäten_US
dc.subject.stwGeldvermögenen_US
dc.subject.stwGesamtwirtschaftliches Anlagevermögenen_US
dc.subject.stwBörsenumsatzen_US
dc.subject.stwAußenwirtschaften_US
dc.subject.stwEffizienzmarkttheseen_US
dc.subject.stwTheorieen_US
dc.subject.stwWelten_US
dc.subject.stwDeutschlanden_US
dc.subject.stwUSAen_US
dc.subject.stwFinanzmarktkriseen_US
dc.titleSocial security and redistribution within generations in an overlapping generations modelen_US
dc.typeWorking Paperen_US
dc.identifier.ppn30668103Xen_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:Publikationen von Forscherinnen und Forschern des IfW
Kieler Arbeitspapiere, IfW

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