Privatizing Social Security *

  title={Privatizing Social Security *},
  author={Thomas F. Cooley and T J},
This paper studies the political sustainability of the existing pay-as-you-go Social Security system in the face of recent demographic patterns. We analyze different approaches to privatizing the system and consider what it would require for them to be politically implementable. The analysis is based on an overlapping-generations economy where an initial generation would choose to implement a pay-asyou-go social insurance system. We study the sustainability of this system in each subsequent… CONTINUE READING
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Showing 1-5 of 5 references

Positive Theory of Social Security Based on Reputation,’

T. Cooley, J. Soares
Journal of Political Economy • 1999
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Risk-Sensitive Risk Business Cycles,’

T. D. Tallarini

Simulating the Privatization of Social Security in General Equilibrium,’

L. J. Kotlikoff
Working Paper No • 1997
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Recursive Linear Models of Dynamic Economies,’

L. Hansen, T. Sargent

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