Working Paper

Altruism, borrowing constraints, and social security

Abstract: An examination of how intergenerational altruism and borrowing constraints shape the interest rate, savings, and welfare response to funded and unfunded Social Security programs.

Keywords: Interest rates; Social security; Saving and investment; Altruism;

Access Documents


Bibliographic Information

Provider: Federal Reserve Bank of Cleveland

Part of Series: Working Papers (Old Series)

Publication Date: 1989

Number: 8918