The Intragenerational Redistributive Effects of Unfunded Pension Programs
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Summary:
This paper provides a quantitative evaluation of the intracohort redistributive elements of the U.S. social security system in the context of a computable general equilibrium model. It determines how the well-being of individuals that differ by gender, race, and education is affected by the government’s social security policy. Differences in life expectancy and labor productivity translate into differences in capital accumulation and labor supply distortions that are responsible for the observed welfare difference between individuals of the same age cohort.
Series:
Working Paper No. 1998/180
Subject:
Aging Education Financial institutions Health Labor Population and demographics Securities Wages
English
Publication Date:
December 1, 1998
ISBN/ISSN:
9781451859089/1018-5941
Stock No:
WPIEA1801998
Pages:
34
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