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This paper incorporates home production into a dynamic general equilibrium model of overlapping generations with endogenous retirement to study Social Security reforms. As such, the model di¤erentiates both consumption goods and labor e¤ort according to their respective roles in home production and market activities. Using a calibrated model, we conduct a policy experiment where we eliminate the current pay-as-you-go Social Security System and study the steady state impact. We ...nd that thedoi:10.2139/ssrn.2006482 fatcat:xwi3bamr3nb3fg5q7wm4l2u74e