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Removing the veil of ignorance in assessing the distributional impacts of social policies
Carneiro, Pedro; Hansen, Karsten T.; Heckman, James J. - 2002
Persistent link: https://www.econbiz.de/10001669367
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Dynamic efficiency and Pareto optimality in a stochastic OLG model with production and social security
Barbie, Martin; Hagedorn, Marcus; Kaul, Ashok - 2000
We analyze the interaction between risk sharing and capital accumulation in a stochastic OLG model with production. We give a complete characterization of interim Pareto optimality. Our characterization also subsumes equilibria with a PAYG social security system. In a competitive equilibrium...
Persistent link: https://www.econbiz.de/10001537212
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The performance of performance standards
Heckman, James J.; Heinrich, Carolyn J.; Smith, Jeffrey A. - 2002
Persistent link: https://www.econbiz.de/10001694278
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Government debt as insurance against macroeconomic risk
Barbie, Martin; Hagedorn, Marcus; Kaul, Ashok - 2001
evidence that real world economies, while being dynamically efficient, are likely not to be interim Pareto optimal. We conclude …
Persistent link: https://www.econbiz.de/10001665094
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Fostering within-family human capital investment : an intragenerational insurance perspective of social security
Barbie, Martin - 2002
Persistent link: https://www.econbiz.de/10013268944