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Federal Reserve Bank of Cleveland
Working Papers (Old Series)
Altruism, borrowing constraints, and social security
David E. Altig
Steven J. Davis
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.


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David E. Altig & Steven J. Davis, Altruism, borrowing constraints, and social security, Federal Reserve Bank of Cleveland, Working Papers (Old Series) 8918, 1989.
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Keywords: Interest rates ; Social security ; Saving and investment ; Altruism
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Fed-in-Print is the central catalog of publications within the Federal Reserve System. It is managed and hosted by the Economic Research Division, Federal Reserve Bank of St. Louis.

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