Bequests, Gifts, and Social Security
dc.contributor.author | Laitner, John P. | en_US |
dc.date.accessioned | 2013-11-14T23:21:28Z | |
dc.date.available | 2013-11-14T23:21:28Z | |
dc.date.issued | 1987-03-11 | en_US |
dc.identifier.other | MichU DeptE CenREST W87-17 | en_US |
dc.identifier.other | H550 | en_US |
dc.identifier.other | D640 | en_US |
dc.identifier.other | J120 | en_US |
dc.identifier.uri | https://hdl.handle.net/2027.42/100825 | |
dc.description.abstract | This paper analyses the very long run, or “stationary state,†impact of an unfunded social security system. We use an overlapping generations model framework. A key feature is that while parents care about their children and can leave non-negative bequests to them, children also care about their parents and can make non-negative “gifts†to them. We show that the possibility of negative “net bequests†may make social security less harmful to private wealth accumulation than would otherwise be the case. A subsidiary finding is that risk-loving behaviour may emerge for some households due to the nature of intergenerational transfers within family lines. | en_US |
dc.description.sponsorship | Center for Research on Economic and Social Theory, Department of Economics, University of Michigan | en_US |
dc.relation.ispartofseries | CREST Working Paper | en_US |
dc.subject | Social Security | en_US |
dc.subject | Unfunded Social Security System | en_US |
dc.subject.other | Social Security and Public Pensions | en_US |
dc.subject.other | Altruism | en_US |
dc.subject.other | Marriage | en_US |
dc.subject.other | Marital Dissolution | en_US |
dc.subject.other | Family Structure | en_US |
dc.subject.other | Domestic Abuse | en_US |
dc.title | Bequests, Gifts, and Social Security | en_US |
dc.type | Working Paper | en_US |
dc.subject.hlbsecondlevel | Economics | en_US |
dc.subject.hlbtoplevel | Social Sciences | en_US |
dc.description.bitstreamurl | http://deepblue.lib.umich.edu/bitstream/2027.42/100825/1/ECON283.pdf | |
dc.owningcollname | Economics, Department of - Working Papers Series |
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Economics, Department of - Working Papers Series
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