The Extension of Social Security Coverage in Developing Countries
We study the dynamic general equilibrium effects of introducing a social pension program to elderly informal sector workers in developing countries who lack formal risk sharing mechanisms against income and longevity risks. To this end, we formulate a stochastic dynamic general equilibrium model that incorporates defining features of developing countries: a large informal sector, private transfers as an informal safety net, and a non-universal social security system. We find that the extension...[Show more]
|Collections||ANU Research Publications|
|Source:||Journal of Development Economics|
|01_Jung_The_Extension_of_Social_2012.pdf||435.26 kB||Adobe PDF||Request a copy|
|02_Jung_The_Extension_of_Social_2012.pdf||430.3 kB||Adobe PDF||Request a copy|
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