THE REDISTRIBUTIVE DESIGN OF SOCIAL SECURITY SYSTEMS

@inproceedings{CondeRuiz2007THERD,
  title={THE REDISTRIBUTIVE DESIGN OF SOCIAL SECURITY SYSTEMS},
  author={J. Ignacio Conde-Ruiz and Paola Profeta},
  year={2007}
}
  • J. Ignacio Conde-Ruiz, Paola Profeta
  • Published 2007
Countries with low intragenerational redistribution in social security systems (Bismarckian) are associated with larger public pension expenditures, a smaller fraction of private pension and lower income inequality than countries with more redistributive social security (Beveridgean). This article introduces a bidimensional voting model to account for these features. Agents different in age, income and in their ability to invest in the capital market vote on the degree of redistribution of the… CONTINUE READING

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