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Mitigating Demographic Risk Through Social Insurance
[report]
1977
unpublished
A two-period lifetime overlapping generations growth model is used to evaluate the possibility that social insurance can effectively offset economic risks associated with uncertainty about the rate of population growth. Crude measures of the seriousness of this type of risk in the current United States situation are presented. Sufficient conditions on the structure of the economy for such intergenerational risk pooling to be mutually beneficial to all members of society are derived. Although it
doi:10.3386/w0215
fatcat:66lnp7wpbvbtlle5kttwk7dtvy