Social Security in Theory and Practice ( I ) : Facts and Political Theories

@inproceedings{Beland1999SocialSI,
  title={Social Security in Theory and Practice ( I ) : Facts and Political Theories},
  author={V. V. Chari Daniel Beland},
  year={1999}
}
  • V. V. Chari Daniel Beland
  • Published 1999
166 countries have some kind of public old age pension. What economic forces create and sustain old age Social Security as a public program? We document some of the internationally and historically common features of Social Security programs including explicit and implicit taxes on labor supply, payas-you-go features, intergenerational redistribution, benefits which are increasing functions of lifetime earnings and not means-tested. We partition theories of Social Security into three groups… CONTINUE READING