메뉴 건너뛰기




Volumn 96, Issue 3, 2006, Pages 737-755

Pareto-improving social security reform when financial markets are incomplete!?

Author keywords

[No Author keywords available]

Indexed keywords


EID: 33747695098     PISSN: 00028282     EISSN: None     Source Type: Journal    
DOI: 10.1257/aer.96.3.737     Document Type: Article
Times cited : (134)

References (27)
  • 1
    • 33747654707 scopus 로고    scopus 로고
    • Governor Bush's individual account proposal: Implications for retirement benefits
    • Brookings Institution, June 5
    • Aaron, Henry; Blinder, Alan; Munell, Alicia and Orzag, Peter. "Governor Bush's Individual Account Proposal: Implications for Retirement Benefits." Brookings Institution, Brookings Economic Papers, June 5, 2000.
    • (2000) Brookings Economic Papers
    • Aaron, H.1    Blinder, A.2    Munell, A.3    Orzag, P.4
  • 3
    • 0001654817 scopus 로고
    • Consumption growth, the interest rate and aggregation
    • Attanasio, Orazio P. and Weber, Guglielmo. "Consumption Growth, the Interest Rate and Aggregation." Review of Economic Studies, 1993, 60(3), pp. 631-49.
    • (1993) Review of Economic Studies , vol.60 , Issue.3 , pp. 631-649
    • Attanasio, O.P.1    Weber, G.2
  • 4
    • 0029528442 scopus 로고
    • Is consumption growth consistent with intertemporal optimization? Evidence from the consumer expenditure survey
    • Attanasio, Orazio P. and Weber, Guglielmo. "Is Consumption Growth Consistent with Intertemporal Optimization? Evidence from the Consumer Expenditure Survey." Journal of Political Economy, 1995, 103(6), pp. 1121-57.
    • (1995) Journal of Political Economy , vol.103 , Issue.6 , pp. 1121-1157
    • Attanasio, O.P.1    Weber, G.2
  • 6
    • 0042900839 scopus 로고    scopus 로고
    • Social security and demographic uncertainty: The risk sharing properties of alternative policies
    • John Y. Campbell and Martin S. Feldstein, eds., Chicago: University of Chicago Press, chap. 6
    • Bohn, Henning. "Social Security and Demographic Uncertainty: The Risk Sharing Properties of Alternative Policies," in John Y. Campbell and Martin S. Feldstein, eds., Risk aspects of investment based social security reform. Chicago: University of Chicago Press, 2001, chap. 6.
    • (2001) Risk Aspects of Investment Based Social Security Reform
    • Bohn, H.1
  • 7
    • 33747638315 scopus 로고    scopus 로고
    • Intergenerational risk sharing and fiscal policy
    • Society for Economic Dynamics
    • Bohn, Henning. "Intergenerational Risk Sharing and Fiscal Policy." Society for Economic Dynamics, 2004 Meeting Papers, No. 22, 2004.
    • (2004) 2004 Meeting Papers , Issue.22
    • Bohn, H.1
  • 8
    • 0002929350 scopus 로고    scopus 로고
    • Political equilibria with social security
    • Boldrin, Michele and Rustichini, Aldo. "Political Equilibria with Social Security." Review of Economic Dynamics, 2000, 3(1), pp. 41-78.
    • (2000) Review of Economic Dynamics , vol.3 , Issue.1 , pp. 41-78
    • Boldrin, M.1    Rustichini, A.2
  • 9
    • 33747651253 scopus 로고    scopus 로고
    • Social security privatization and financial market risk: Lessons from U.S. financial history
    • DIW Berlin, German Institute for Economic Research
    • Burtiess, Gary. "Social Security Privatization and Financial Market Risk: Lessons from U.S. Financial History." DIW Berlin, German Institute for Economic Research, DIW Berlin Discussion Papers: No. 211, 2000.
    • (2000) DIW Berlin Discussion Papers , Issue.211
    • Burtiess, G.1
  • 10
    • 66049100957 scopus 로고    scopus 로고
    • Consumption-based asset pricing
    • George M. Constantinides, Milton Harris, and Rene Stulz, eds., Amsterdam: Elsevier Science, North-Holland
    • Campbell, John Y. "Consumption-Based Asset Pricing," in George M. Constantinides, Milton Harris, and Rene Stulz, eds., Handbook of the economics of finance. Vol. 1B. Amsterdam: Elsevier Science, North-Holland, 2003, pp. 803-87.
    • (2003) Handbook of the Economics of Finance , vol.1 B , pp. 803-887
    • Campbell, J.Y.1
  • 11
    • 38249005063 scopus 로고
    • The equity premium and the risk-free rate: Matching the moments
    • Cecchetti, Stephen G.; Lam, Pok-sang and Mark, Nelson C. 'The Equity Premium and the Risk-Free Rate: Matching the Moments." Journal of Monetary Economics, 1993, 31(1), pp. 21-45.
    • (1993) Journal of Monetary Economics , vol.31 , Issue.1 , pp. 21-45
    • Cecchetti, S.G.1    Lam, P.-S.2    Mark, N.C.3
  • 12
    • 0033019218 scopus 로고    scopus 로고
    • A positive theory of social security based on reputation
    • Cooley, Thomas F. and Soares, Jorge. "A Positive Theory of Social Security Based on Reputation." Journal of Political Economy, 1999, 107(1), pp. 135-60.
    • (1999) Journal of Political Economy , vol.107 , Issue.1 , pp. 135-160
    • Cooley, T.F.1    Soares, J.2
  • 13
    • 0036706483 scopus 로고    scopus 로고
    • On optimality in intergenerational risk sharing
    • Demange, Gabrielle. "On Optimality in Intergenerational Risk Sharing." Economic Theory, 2002, 20(1), pp. 1-27.
    • (2002) Economic Theory , vol.20 , Issue.1 , pp. 1-27
    • Demange, G.1
  • 14
    • 0000990327 scopus 로고
    • National debt in a neoclassical growth model
    • Diamond, Peter A. "National Debt in a Neoclassical Growth Model." American Economic Review, 1965, 55(5), pp. 1126-50.
    • (1965) American Economic Review , vol.55 , Issue.5 , pp. 1126-1150
    • Diamond, P.A.1
  • 15
    • 0000433660 scopus 로고
    • A framework for social security analysis
    • Diamond, Peter A. "A Framework for Social Security Analysis." Journal of Public Economics, 1977, 8(3), pp. 275-98.
    • (1977) Journal of Public Economics , vol.8 , Issue.3 , pp. 275-298
    • Diamond, P.A.1
  • 16
    • 0000842941 scopus 로고
    • Substitution, risk aversion, and the temporal behavior of consumption and asset returns: A theoretical framework
    • Epstein, Larry G. and Zin, Stanley E. "Substitution, Risk Aversion, and the Temporal Behavior of Consumption and Asset Returns: A Theoretical Framework." Econometrica, 1989, 57(4), pp. 937-69.
    • (1989) Econometrica , vol.57 , Issue.4 , pp. 937-969
    • Epstein, L.G.1    Zin, S.E.2
  • 17
    • 67649361726 scopus 로고    scopus 로고
    • Social security
    • Alan J. Auerbach and Martin Feldstein, eds., Amsterdam: Elsevier Science, North-Holland
    • Feldstein, Martin and Liebman, Jeffrey B. "Social Security," in Alan J. Auerbach and Martin Feldstein, eds., Handbook of public economics. Vol. 4. Amsterdam: Elsevier Science, North-Holland, 2002, pp. 2245-324.
    • (2002) Handbook of Public Economics , vol.4 , pp. 2245-2324
    • Feldstein, M.1    Liebman, J.B.2
  • 19
    • 84986409625 scopus 로고
    • The cyclical and secular behaviour of the labour input: Comparing efficiency units and hours worked
    • Hansen, Gary D. "The Cyclical and Secular Behaviour of the Labour Input: Comparing Efficiency Units and Hours Worked." Journal of Applied Econometrics, 1993, 8(1), pp. 71-80.
    • (1993) Journal of Applied Econometrics , vol.8 , Issue.1 , pp. 71-80
    • Hansen, G.D.1
  • 20
    • 0000544627 scopus 로고
    • Social security and individual welfare: Precaution ary Saving, borrowing constraints, and the payroll tax
    • Hubbard, R. Glenn and Judd, Kenneth L. "Social Security and Individual Welfare: Precaution ary Saving, Borrowing Constraints, and the Payroll Tax." American Economic Review, 1987, 77(4). pp. 630-46.
    • (1987) American Economic Review , vol.77 , Issue.4 , pp. 630-646
    • Hubbard, R.G.1    Judd, K.L.2
  • 21
    • 44949277629 scopus 로고
    • Asset returns and intertemporal preferences
    • Kandel, Shmuel and Stambaugh, Robert F. "Asset Returns and Intertemporal Preferences." Journal of Monetary Economics, 1991, 27(1), pp. 39-71.
    • (1991) Journal of Monetary Economics , vol.27 , Issue.1 , pp. 39-71
    • Kandel, S.1    Stambaugh, R.F.2
  • 22
    • 0001072531 scopus 로고
    • Temporal resolution of uncertainty and dynamic choice theory
    • Kreps, David M. and Porteus, Evan L. "Temporal Resolution of Uncertainty and Dynamic Choice Theory." Econometrica, 1978, 46(1), pp. 185-200.
    • (1978) Econometrica , vol.46 , Issue.1 , pp. 185-200
    • Kreps, D.M.1    Porteus, E.L.2
  • 23
    • 0347603904 scopus 로고    scopus 로고
    • Computing equilibrium in OLG models with stochastic production
    • Krueger, Dirk and Kubler, Felix. "Computing Equilibrium in OLG Models with Stochastic Production." Journal of Economic Dynamics and Control, 2004, 28(7), pp. 1411-36.
    • (2004) Journal of Economic Dynamics and Control , vol.28 , Issue.7 , pp. 1411-1436
    • Krueger, D.1    Kubler, F.2
  • 24
    • 0005258126 scopus 로고
    • On the role of social security as a means for efficient risk sharing in an economy where human capital is not tradable
    • Zev Bodie and John B. Shoven, eds., Chicago: University of Chicago Press
    • Merton, Robert C. "On the Role of Social Security as a Means for Efficient Risk Sharing in an Economy Where Human Capital Is Not Tradable," in Zev Bodie and John B. Shoven, eds., Financial aspects of the United States pension system. Chicago: University of Chicago Press, 1983, pp. 325-58.
    • (1983) Financial Aspects of the United States Pension System , pp. 325-358
    • Merton, R.C.1
  • 25
    • 0040875332 scopus 로고    scopus 로고
    • The rate of return to corporate capital and factor shares: New estimates using revised national income accounts and capital stock data
    • Poterba, James M. "The Rate of Return to Corporate Capital and Factor Shares: New Estimates Using Revised National Income Accounts and Capital Stock Data." Carnegie-Rochester Conference Series on Public Poticy, 1998, 48(0), pp. 211-46.
    • (1998) Carnegie-rochester Conference Series on Public Poticy , vol.48 , pp. 211-246
    • Poterba, J.M.1
  • 26
    • 0000626560 scopus 로고
    • An exact consumption-loan model of interest with or without the social contrivance of money
    • Samuelson, Paul A. "An Exact Consumption-Loan Model of Interest with or without the Social Contrivance of Money." Journal of Political Economy, 1958, 66(5), pp. 467-82.
    • (1958) Journal of Political Economy , vol.66 , Issue.5 , pp. 467-482
    • Samuelson, P.A.1
  • 27
    • 0038630253 scopus 로고    scopus 로고
    • Social security and institutions for intergenerational, intragenerational, and international risk-sharing
    • Shiller, Robert J. "Social Security and Institutions for Intergenerational, Intragenerational, and International Risk-Sharing." Carnegie-Rochester Conference Series on Public Policy, 1999, 50(99), pp. 165-204.
    • (1999) Carnegie-rochester Conference Series on Public Policy , vol.50 , Issue.99 , pp. 165-204
    • Shiller, R.J.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.