Empirical evidence suggests that parents who have themselves inherited from their own parents are more likely to leave an estate to their children even after controlling for income, wealth and education. This implies an indirect reciprocal behavior between three generations by transmitting the attitude towards bequeathing from one generation to the next. We incorporate such an intergenerational...

A representative individual lives for two periods; works when young and depends on savings and a government operated social security system when old—the returns on both sources of income, when old, are random. Due to administrative problems the returns to savings are observed with some measurement error. Two alternative consumption tax systems are considered; the Registered Asset Treatment (RAT...

I frequently Ž nd economists who express a view of the system that is very far from mine. For example, many young economists and economics students say that they expect to get no beneŽ ts at all from Social Security. This expectation does not seem sensible to me. If there is no legislation changing Social Security, trust fund assets and payroll tax revenue (and revenue from the taxation of bene...

Wellbeing' and 'welfare' are often bracketed together, in particular wellbeing and state-welfare. The level of wellbeing is believed to be higher in welfare states, and its distribution more equitable. This theory is tested in a comparative study of 40 nations 1980-1990. The size of state welfare is measured by social security expenditure. The wellbeing of citizens is measured in terms of the d...

There is general agreement in this country on the principle of contributory old-age and survivors insurance. There has been less general agreement on questions relating to the level of contributions and the timing of any changes in present contribution rates. The following article by the former Staff Director of the Advisory Council on Social Security to the Senate Finance Committee presents on...

I develop a quantitative, dynamic general equilibrium model of life cycle behavior to study the effects of several policy reforms on assets composition over the life cycle, wealth distribution and aggregate saving. Privatizing social security increases aggregate saving, decreases overall wealth inequality, and generates large welfare gain, especially for agents with high initial productivity. L...

one of the most important sectors of each city where the citizens social interaction occur and urban life flow carry, are public spaces. one conditions for people presence in these spaces is securing their social security sense. nowadays different factors such as cultural, social, economic and physical in cities public spaces, especially in big cities like tehran, have cause abnormal social beh...

One of the important aspects in the design of social protection is coverage. In Peru, as in most Latin American countries, social security participation is compulsory only for workers in the formal sector. There is a large sector of the population for which participation is voluntary. This paper investigates the determinants of enrolment to the pension system in Peru. In particular, we found th...