The Insurance Role of Social Security : Theory and Lessons for Policy Reform /
This paper examines the impact of social security on welfare. The provision of social security reduces precautionary savings and encourages early retirement. Consequently, it lowers aggregate capital, employment, output, and consumption. On the other hand, it also provides old age insurance. This tr...
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| Format: | Žurnal |
| Jezik: | English |
| Izdano: |
Washington, D.C. :
International Monetary Fund,
1997.
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| Serija: | IMF Working Papers; Working Paper ;
No. 1997/113 |
| Online pristup: | Full text available on IMF |