The Intragenerational Redistributive Effects of Unfunded Pension Programs

Author/Editor:

Luis M. Cubeddu

Publication Date:

December 1, 1998

Electronic Access:

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Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

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. 98/180

Subject:

English

Publication Date:

December 1, 1998

ISBN/ISSN:

9781451859089/1018-5941

Stock No:

WPIEA1801998

Price:

$15.00 (Academic Rate:$15.00)

Format:

Paper

Pages:

34

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