Families and social security

Hans Fehr (hans.fehr@uni-wuerzburg.de), Manuel Kallweit and Fabian Kindermann

No 5280, EcoMod2013 from EcoMod

Abstract: The present paper quantifies the importance of family structures for the analysis of social security. For this reason we introduce home production as well as stable and unstable families into the standard stochastic overlapping generation model and simulate with each model version a move from a unfunded towards a funded pension system in Germany. The simulation exercise computes intergenerational welfare changes and isolates aggregate efficiency effects by means of compensating transfers. Comparing the macroe-conomic and welfare consequences resulting from the elimination of social security in the standard and in two-earner family models indicates two major conclusions. First, the consideration of home production has significant effects on labor supply and eco-nomic efficiency. Second, the impact of family insurance is fairly weak and can hardly substitute for social security. See above See above

Keywords: Germany; General equilibrium modeling (CGE); Public finance and tax issues (search for similar items in EconPapers)
Date: 2013-06-21
New Economics Papers: this item is included in nep-cmp and nep-dge
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Related works:
Journal Article: Families and social security (2017)
Working Paper: Families and Social Security (2015)
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Persistent link: https://EconPapers.repec.org/RePEc:ekd:004912:5280

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