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Abstract:
"This paper considers the welfare implications of the interactions between demographic changes and social security in an overlapping generations model in which retirement decisions are endogenous. Both a pay-as-you-go system and an actuarially-fair system are examined." The geographical focus is on the United States.
Keywords:
AmericasDemographic FactorsDependency BurdenDeveloped CountriesEconomic FactorsEmployment StatusFinancial ActivitiesFinancing, GovernmentMicroeconomic FactorsModels, TheoreticalNorth AmericaNorthern AmericaPopulationPopulation DynamicsResearch MethodologyRetirementSocial SecuritySocial WelfareSocioeconomic FactorsSocioeconomic StatusUnited States