Intergenerational Risk Sharing under Endogenous Labor Supply ∗

  • Roel Mehlkopf
  • Published 2010


This paper evaluates intergenerational risk-sharing in the context of a pre-funded social security scheme. The central feature of the model is that labor-market distortions from risk-sharing transfers are explicitly taken into account. Equity risk manifests itself in the form of taxes and subsidies on the labor earnings of participants. The labor-supply… (More)

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