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Albert-Ludwigs-Universität Freiburg im Breisgau >
Institut für Volkswirtschaftslehre und Finanzwissenschaft I, Universität Freiburg >
Diskussionsbeiträge, Inst. f. Finanzwissenschaft, Universität Freiburg >
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http://hdl.handle.net/10419/56408
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| Title: | | Assessing social security: Some useful results  |
| Authors: | | Borgmann, Christoph |
| Issue Date: | | 2001 |
| Series/Report no.: | | Diskussionsbeiträge, Institut für Finanzwissenschaft der Albert-Ludwigs-Universität Freiburg im Breisgau 97 |
| Abstract: | | This paper presents a dense summary of the most fundamental results on the issue of PAYG Social Security. They are presented in a simple and insightful analytical framework by working from the budget constraint of the household. The results presented in detail are a representation of the Aaron-Theorem, the equivalence of debt and Social Security, and a proof that under certain conditions the burden of Social Security on the current young and all future generations equals the benefit payments to the current old. Finally, I include uncertainty in the analysis and touch on the intergenerational risk-sharing implications of Social Security. |
| JEL: | | H55 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Diskussionsbeiträge, Inst. f. Finanzwissenschaft, Universität Freiburg
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