Social Security in an Overlapping Generations Economy with Land

Review of Economic Dynamics

Volumn 2, Issue 3, 1999, Pages 638-665

  Imrohoroglu, Ayşe ^a   Imrohoroglu, Selahattin ^a   Joines, Douglas H ^a  

^a UNIVERSITY OF SOUTHERN CALIFORNIA   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 0004908562     PISSN: 10942025     EISSN: None     Source Type: Journal    
DOI: 10.1006/redy.1999.0066     Document Type: Article

References (32)

1. Abel A. B., Mankiw N. G., Summers L. H., Zeckhauser R. J. Assessing Dynamic Efficiency: Theory and Evidence. Review of Economic Studies. 56:1989;1-20.
2. Auerbach A. J., Kotlikoff L. J. Dynamic Fiscal Policy. 1987;Cambridge Univ. Press, New York.
3. Bernheim D. B. How Strong Are Bequest Motives? Evidence Based on Estimates of the Demand for Life Insurance and Annuities. Journal of Political Economy. 99:1991;899-927.
4. Cooley T. F., Prescott E. C. Economic Growth and Business Cycles. Cooley T. C. Frontier of Business Cycle Research. 1995;Princeton Univ. Press, Princeton.
5. DeNardi M., Imrohoroglu S., Sargent T. J. Projected U.S. Demographics and Social Security. Review of Economic Dynamics. 2:1999;574-614.
6. Díaz-Giménez, J, and, Prescott, E. C. 1992, Liquidity Constraints in Economies with Aggregate Fluctuations: A Quantitative Exploration, Staff Report No, 149, Federal Reserve Bank of Minneapolis.
7. Díaz-Giménez J., Prescott E. S., Fitzgerald T., Alvarez F. Banking in Computable General Equilibrium Economies. Journal of Economic Dynamics and Control. 16:1992;533-560.
8. Faber J. F. Actuarial Study 87. Life Tables for the United States: 1900-2050. 1982;Social Security AdministrationU.S. Department of Health and Human Services.
9. Feldstein M. The Optimal Level of Social Security Benefits. Quarterly Journal of Economics. 100:1985;303-320.
10. Friedman B. M., Warshawsky M. J. The Cost of Annuities: Implications for Saving Behavior and Bequests. Quarterly Journal of Economics. 105:1990;135-154.
11. Goldsmith R. W. The National Balance Sheet of the United States, 1953-1980. 1982;University of Chicago Press, Chicago.
12. Greenwood J., Rogerson R., Wright R. Household Production in Real Business Cycle Theory. Cooley T. C. Frontiers of Business Cycle Research. 1995;Princeton Univ. Press, Princeton.
13. Hansen G. D., Prescott E. C. Did Technology Shocks Cause the 1990-91 Recession? American Economics Review. 83:1993;280-286.
14. Huang H., Imrohoroglu S., Sargent T. J. Two Computations to Fund Social Security. Macroeconomic Dynamics. 1:1997;7-44.
15. Hubbard R. G., Judd K. L. Social Security and Individual Welfare: Precautionary Saving, Liquidity Constraints, and the Payroll Tax. American Economics Review. 77:1987;646-660.
16. Huggett M. Wealth Distribution in Life-Cycle Economies. Journal of Monetary Economics. 38:1996;469-494.
17. Hurd M. D. Mortality Risk and Bequests. Econometrica. 57:1989;779-813.
18. Imrohoroglu A. Cost of Business Cycles with Indivisibilities and Liquidity Constraints. Journal of Political Economy. 97:1989;1364-1383.
19. Imrohoroglu A., Imrohoroglu S., Joines D. A Numerical Algorithm for Solving Models with Incomplete Markets. International Journal of Supercomputer Applications. 7:1993;212-230.
20. Imrohoroglu A., Imrohoroglu S., Joines D. A Life Cycle Analysis of Social Security. Economic Theory. 6:1995;83-114.
21. Imrohoroglu A., Prescott E. C. Evaluating the Welfare Effects of Alternative Monetary Arrangements. Federal Reserve Bank of Minneapolis Quarterly Review. 1992;3-10.
22. Imrohoroglu A., Prescott E. C. Seigniorage as a Tax: A Quantitative Evaluation. Journal of Money Credit and Banking. 23:1992;460-475.
23. Imrohoroglu S. A Quantitative Analysis of Capital Income Taxation. International Economic Review. 39:1998;307-328.
24. Laitner J. Random Earnings Differences, Lifetime Liquidity Constraints, and Altruistic Intergenerational Transfers. Journal of Economic Theory. 58:1992;135-170.
25. Ljungqvist, L, and, Sargent, T. J. 1997, Recursive Macroeconomic Theory, manuscript, Stanford University.
26. McCallum B. T. The Optimal Inflation Rate in an Overlapping Generations Economy with Land. Barnett W. A., Singleton K. J. New Approaches to Monetary Economics. 1987;Cambridge University Press, Cambridge.
27. Meade J. E. A Neo-Classical Theory of Economic Growth. 1962;Unwin University Books, London.
28. Mehra R., Prescott E. The Equity Premium. Journal of Monetary Economics. 15:1985;145-161.
29. Rhee C. Dynamic Inefficiency in an Economy with Land. Review of Economic Studies. 58:1991;791-797.
30. Ríos-Rull J.-V. Life-Cycle Economies and Aggregate Fluctuations. Review of Economic Studies. 63:1996;465-489.
31. Sargent T. J. Dynamic Macroeconomic Theory. 1987;Harvard Univ. Press, Cambridge.
32. Stokey N., Lucas R. E. Jr., Prescott E. Recursive Methods in Economic Dynamics. 1989;Harvard Univ. Press, Cambridge.