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来源类型Working Paper
规范类型报告
DOI10.3386/w12854
来源IDWorking Paper 12854
The Farm, the City, and the Emergence of Social Security
Elizabeth M. Caucutt; Thomas F. Cooley; Nezih Guner
发表日期2007-01-23
出版年2007
语种英语
摘要During the period from 1880 to 1950, publicly managed retirement security programs became an important part of the social fabric in most advanced economies. In this paper we study the social, demographic and economic origins of social security. We describe a model economy in which demographics, technology, and social security are linked together. We study an economy with two locations (sectors), the farm (agricultural) and the city (industrial). The decision to migrate from rural to urban locations is endogenous and linked to productivity differences between the two locations and survival probabilities. Furthermore, the level of social security is determined by majority voting. We show that a calibrated version of this economy is consistent with the historical transformation in the United States. Initially a majority of voters live on the farm and do not want to implement social security. Once a majority of the voters move to the city, the median voter prefers a positive social security tax, and social security emerges.
主题Macroeconomics ; Fiscal Policy ; Public Economics ; Taxation ; National Fiscal Issues
URLhttps://www.nber.org/papers/w12854
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/570520
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Elizabeth M. Caucutt,Thomas F. Cooley,Nezih Guner. The Farm, the City, and the Emergence of Social Security. 2007.
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