A NOTE ON THE AGGREGATE EFFECTS OF SOCIAL-SECURITY
成果类型：
Note
署名作者：
CHIU, WH
刊物名称：
JOURNAL OF PUBLIC ECONOMICS
ISSN/ISSBN：
0047-2727
发表日期：
1993
页码：
133-139
关键词：
摘要：
In an overlapping generations economy of Karni and Zilcha (1989), a fully-funded social security program is shown to reduce the aggregate levels of output, consumption, employment, and capital when the social security and the existing private annuities are equally unfair (actuarially).