On the optimal size of social security in the presence of a stock market

DOI10.1016/J.JMATECO.2011.11.002MaRDI QIDQ2427872zbMATH OpenOpenAlexFDO

Authors Marten Hillebrand

Publication date 18 April 2012

Published in Journal of Mathematical Economics (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.jmateco.2011.11.002

zbMATH Keywords

capital accumulationsocial securitystock markettime consistencyoverlapping generationslong-run optimalitysocial optimality

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Welfare economics (91B15)

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Cites work

• Asset Valuation and Production Efficiency in an Overlapping-Generations Model with Production Shocks
• Capital accumulation in a stochastic overlapping generations model with social Security
• Characterizing efficiency in stochastic overlapping generations models
• Investment Under Uncertainty
• Nonshiftable capital, affine price expectations and convergence to the golden rule.
• On optimality in intergenerational risk sharing
• On the role of labor supply for the optimal size of social security
• Social Security and Demographic Shocks
• Stationary Markov Equilibria
• Stationary Pareto optimality of stochastic asset equilibria with overlapping generations
• Stationary equilibria in an overlapping generations economy with stochastic production
• Stochastic OLG models, market structure, and optimality
• The Effects of a Baby Boom on Stock Prices and Capital Accumulation in the Presence of Social Security

Cited in

(6)

• The Effects of a Baby Boom on Stock Prices and Capital Accumulation in the Presence of Social Security
• A life cycle analysis of social security
• Optimal social security in a dynastic model with investment externalities and endogenous fertility
• On the role of labor supply for the optimal size of social security
• Markovian Social Security in Unequal Societies
• Capital accumulation in a stochastic overlapping generations model with social Security

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