Social Security Reform and Temptation

@inproceedings{Kumru2009SocialSR,
  title={Social Security Reform and Temptation},
  author={Cagri Seda Kumru and Athanasios C. Thanopoulos},
  year={2009}
}
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 indicating that the complete elimination of social security is the reform scenario that maximizes welfare improvement. However, when self control preferences… CONTINUE READING

References

Publications referenced by this paper.
SHOWING 1-10 OF 52 REFERENCES