Social security, social welfare and the aging population

Kelvin R. Utendorf () and Rowena Pecchenino
Additional contact information
Kelvin R. Utendorf: Woodbridge, VA 22192, USA

Journal of Population Economics, 1999, vol. 12, issue 4, 607-623

Abstract: This study examines the effects of pay-as-you-go social security programs in aging economies when the middle-aged both educate their dependent children and subsidize the retirement of the old. Using an overlapping generations framework in which agents are three-period lived but timing of death in the third period is uncertain, we analyze the effects of social security tax schemes, under various demographic assumptions, on capital accumulation, education expenditures, social welfare, and economic growth. We find that in many cases social security crowds out education, and reduces economic growth and social welfare.

Keywords: Social; security; ·; education; ·; endogenous; growth (search for similar items in EconPapers)
JEL-codes: D9 H2 I2 (search for similar items in EconPapers)
Date: 1999-12-16
Note: Received: 29 April 1998/Accepted: 3 March 1999
References: Add references at CitEc
Citations: View citations in EconPapers (57)

Downloads: (external link)
http://link.springer.de/link/service/journals/00148/papers/9012004/90120607.pdf (application/pdf)
Access to the full text of the articles in this series is restricted

Related works:
Working Paper: Social Security, Social Welfare and the Aging Population (1994)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:jopoec:v:12:y:1999:i:4:p:607-623

Ordering information: This journal article can be ordered from
http://www.springer. ... tion/journal/148/PS2

Access Statistics for this article

Journal of Population Economics is currently edited by K.F. Zimmermann

More articles in Journal of Population Economics from Springer, European Society for Population Economics Contact information at EDIRC.
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().