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Families and social security

Fehr, Hans ; Kallweit, Manuel ; Kindermann, Fabian



Abstract

The present paper quantifies the importance of family insurance for the analysis of social security. We therefore augment the standard overlapping generations model with idiosyncratic labor productivity and longevity risk in that we account for gender and marital status. We simulate the abolition of pay-as-you-go pension payments, calculate the resulting intergenerational welfare changes and ...

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