Skip navigation
Skip navigation

Social Security Reform with Self-Control Preferences

Kumru, Cagri; Thanopoulos, Athanasios

Description

This paper analyzes a fully funded social security system under the assumption that agents face temptation issues. Agents are required to save through individually managed Personal Security Accounts without, and with mandatory annuitization. When the analysis is restricted to CRRA preferences our results are congruent with the literature in indicating that the complete elimination of social security is among the reform scenarios that maximize welfare. However, when self control preferences are...[Show more]

CollectionsANU Research Publications
Date published: 2011
Type: Journal article
URI: http://hdl.handle.net/1885/24780
Source: Journal of Public Economics
DOI: 10.1016/j.jpubeco.2011.03.001

Download

File Description SizeFormat Image
01_Kumru_Social_Security_Reform_with_2011.pdf331.79 kBAdobe PDF    Request a copy


Items in Open Research are protected by copyright, with all rights reserved, unless otherwise indicated.

Updated:  20 July 2017/ Responsible Officer:  University Librarian/ Page Contact:  Library Systems & Web Coordinator