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The Extension of Social Security Coverage in Developing Countries

Jung, Juergen; Tran, Chung


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]

CollectionsANU Research Publications
Date published: 2012
Type: Journal article
Source: Journal of Development Economics
DOI: 10.1016/j.jdeveco.2012.05.007


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