Series: IMF Working Papers
Author(s): Victor Valdivia
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 September 1997
Keywords: Public Finance, Computable General Equilibrium, welfare gains, wealth distribution, welfare impact, social security system
This paper examines the impact of social security on welfare. The provision of social security reduces precautionary savings and encourages early retirement. Consequently, it lowers aggregate capital, employment, o...