The dynamics of inequality and social security in general equilibrium

Review of Economic Dynamics

Volumn 14, Issue 4, 2011, Pages 613-635

  Song, Zheng ^a,b  

^a CHINESE UNIVERSITY OF HONG KONG   (Hong Kong)

^b FUDAN UNIVERSITY   (China)

Author keywords

Inequality; Intra generational redistribution; Markov perfect equilibrium; Probabilistic voting; Social security

Indexed keywords

EID: 80052279002     PISSN: 10942025     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.red.2011.05.001     Document Type: Article

References (37)

1. Alesina Alberto, Rodrik Dani Distributive politics and economic growth. Quarterly Journal of Economics 1994, 109:465-490.
2. Auerbach Alan J., Koltikoff Laurence J. Dynamic Fiscal Policy 1987, Cambridge University Press.
3. Azzimonti Renzo, Marina, forthcoming. Barriers to investment in polarized societies, American Economic Review, 2009.
4. Boadway Robin W., Wildasin David E. A median voter model of social security. International Economic Review 1989, 30:75-96.
5. Boldrin Michele, Rustichini Aldo Political equilibria with social security. Review of Economic Dynamics 2000, 3:41-78.
6. Breyer Friedrich, Craig Ben Voting on social security: Evidence from OECD countries. European Journal of Political Economy 1997, 13:705-724.
7. Chamley Christophe Optimal taxation of capital income in general equilibrium with infinite lives. Econometrica 1986, 54:607-622.
8. Chen, Kaiji, Song, Zheng, 2005. A Markovian social contract of social security. Mimeo.
9. Conesa Juan C., Krueger Dirk Social security reform with heterogeneous agents. Review of Economic Dynamics 1999, 2:757-795.
10. Cooley Thomas F., Soares Jorge A positive theory of social security based on reputation. Journal of Political Economy 1999, 107:135-160.
11. Cremer, Helmuth, De Donder, Philippe, Maldonado, Dario, Pestieau, Pierre, 2006. Voting over type and size of a pension system when some individuals are myopic. Mimeo.
12. Forni Lorenzo Social security as Markov equilibrium in OLG models. Review of Economic Dynamics 2005, 8:178-194.
13. Gomme, Paul, Rupert, Peter, 2004. Measuring labor's share of income. Policy discussion papers. Federal Reserve Bank of Cleveland.
14. Gonzalez-Eiras Martin, Niepelt Dirk The future of social security. Journal of Monetary Economics 2008, 55:197-218.
15. Hassler John, Rodriguez Mora Jose V., Storesletten Kjetil, Zilibotti Fabrizio The survival of the welfare state. American Economic Review 2003, 93:87-112.
16. Hassler John, Krusell Per, Storesletten Kjetil, Zilibotti Fabrizio The dynamics of government. Journal of Monetary Economics 2005, 52:1331-1358.
17. Imrohoroglu Ayse, Imrohoroglu Selahattin, Joines Douglas H. A life cycle analysis of social security. Economic Theory 1995, 6:83-114.
18. Jones Larry E., Manuelli Rodolfo E., Rossi Peter E. Optimal taxation in models of endogenous growth. Journal of Political Economy 1993, 101:485-517.
19. Judd Kenneth L. Redistributive taxation in a perfect foresight model. Journal of Public Economics 1985, 28:59-84.
20. Judd Kenneth L. Projection method for solving aggregate growth models. Journal of Economic Theory 1992, 58:410-452.
21. Judd, Kenneth L., 2003. Existence, uniqueness, and computational theory for time consistent equilibria: A hyperbolic discounting example. Mimeo, Hoover Institution.
22. Krusell Per, Quadrini Vincenzo, Rios-Rull Jose Victor Politico-economic equilibrium and economic growth. Journal of Economic Dynamic and Controls 1997, 21:243-272.
23. Krusell Per, Rios-Rull Jose-Victor On the size of US government: Political economy in the neoclassical growth model. American Economic Review 1999, 89:1156-1181.
24. Krusell Per, Smith Anthony A. Consumption-savings decisions with quasi-geometric discounting. Econometrica 2003, 71:365-375.
25. Lindbeck Assar, Weibull Jorgen W. Balanced-budget redistribution as the outcome of political competition. Public Choice 1987, 52:273-297.
26. Martin Patricia P., Weaver David B. Social Security: A program and policy history. Social Security Bulletin 2005, 66(1):1-15.
27. Mulligan, Casey B., Sala-i-Martin, Xavier, 1999a. Gerontocracy, retirement, and social security. NBER working paper, No. 7117.
28. Mulligan, Casey B., Sala-i-Martin, Xavier, 1999b. Social security in theory and practice (I): Facts and political theories. NBER working paper, No. 7118.
29. Persson Tortsen, Tabellini Guido Political Economics 2000, MIT Press, Cambridge, MA.
30. Ortigueira Salvador Markov-perfect optimal taxation. Review of Economic Dynamics 2006, 9:153-178.
31. Razin Assaf, Sadka Efraim, Swagel Phillip The aging population and the size of the welfare state. Journal of Political Economy 2002, 110:900-918.
32. Song, Zheng, Storesletten, Kjetil, Zilibotti, Fabrizio, 2007. Rotten parents and disciplined children: A politico-economic theory of debt and public expenditure. Mimeo.
33. Storesletten Kjetil, Telmer Christopher I., Yaron Amir The risk sharing implications of alternative social security arrangements. Carnegie Rochester Conference Series on Public Policy 1999, 50:213-259.
34. Storesletten Kjetil, Telmer Christopher I., Yaron Amir Consumption and risk sharing over the life cycle. Journal of Monetary Economics 2004, 51:609-633.
35. Tabellini Guido A positive theory of social security. Scandinavian Journal of Economics 2000, 102:523-545.
36. Verbon Harrie A.A. The rise and evolution of public pension systems. Public Choice 1987, 52:75-100.
37. Wolff Edward N. Estimates of household wealth inequality in the U.S., 1962-1983. Review of Income and Wealth 1987, 33:231-256.