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

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Bibliographic Information

Provider: Federal Reserve Bank of Cleveland

Part of Series: Working Papers (Old Series)

Publication Date: 1989

Number: 8918