This paper reviews the literature on the portability of social security entitlements for migrant workers, who moved along North-North, South- North, and South-South migration flows. Portability of social security entitlements is the ability of migrant workers to preserve, maintain, and transfer...

In a stochastic economy with overlapping generations, fiscal policy affects the allocation of aggregate risks. The paper shows how to compute the welfare effects of marginal policy changes that shift risk across cohorts, in general and for an application to social security equity investments. I...

This paper studies the optimal trade-off between commitment and flexibility in an intertemporal consumption/savings choice model. Individuals expect to receive relevant information regarding their own situation and tastes - generating a value for flexibility - but also expect to suffer from...

How far is the US social insurance system from an efficient system? We answer this question within a model where agents receive idiosyncratic, labor-productivity shocks that are privately observed. When social security and income taxation comprise the social insurance system, the maximum...

This paper focuses on old-age income security, with the objective to explore obstacles and opportunities to expand social protection for informal workers in El Salvador. It first introduces the main concepts and debates on social security, social protection, coverage and informality, to later...