Fuster, Luisa; İmrohoroğlu, Ayşe; İmrohoroğlu, … - In: Review of Economic Studies 74 (2007) 1, pp. 113-145
Much of the existing literature on social security has taken the extreme assumption that individuals have little or no altruism; this paper takes an opposite assumption that there is full two-sided altruism. When households insure members that belong to the same family line, privatizing social...