Will Social Security Survive the Baby Boom?

Thomas Cooley () and Jorge Soares ()

Working Papers from Rochester, Business - General

Abstract: In this paper we consider the design and implementation of a pay-as-you-go social insurance system as a problem in political economy. We consider whether a society of forward looking rational economic agents would implement a system in which the level of benefits can depend on the relative shares of different age groups in the population. We calibrate a model economy to match long-run features of the US economy and then look at the nature of the social security system that results.

Keywords: SOCIAL SECURITY; POLITICS; GENERATIONS (search for similar items in EconPapers)
JEL-codes: H55 D91 (search for similar items in EconPapers)
Date: 1996
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Journal Article: Will social security survive the baby boom? (1996)
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Persistent link: http://EconPapers.repec.org/RePEc:fth:robuge:96-01

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