Quantifying the Inefficiency of the US Social Security System

Juan Carlos Parra () and M. Huggett

No 70, Computing in Economics and Finance 2005 from Society for Computational Economics

Abstract: We quantify the inefficiency of the retirement component of the US social security system within a model where agents receive idiosyncratic labor-productivity shocks that are privately observed

Keywords: social security; efficient allocations; idiosyncratic shocks (search for similar items in EconPapers)
JEL-codes: D80 D90 E21 (search for similar items in EconPapers)
Date: 2005-11-11
New Economics Papers: this item is included in nep-dge, nep-mac and nep-pbe
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