Altruism, borrowing constraints, and social security

David Altig and Steven Davis

No 8918, Working Papers (Old Series) from Federal Reserve Bank of Cleveland

Abstract: An examination of how intergenerational altruism and borrowing constraints shape the interest rate, savings, and welfare response to funded and unfunded Social Security programs.

Keywords: Interest rates; Social security; Saving and investment; Altruism (search for similar items in EconPapers)
Date: 1989
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