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CHAPTER 11

CHAPTER 11. SOCIAL SECURITY. Why Have Social Security?. Consumption Smoothing and the Annuity Market How Social Security works Annuity Consumption smoothing Adverse Selection and the Annuity Market Asymmetric information Adverse selection. Other Justifications.

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CHAPTER 11

CHAPTER 11. SOCIAL SECURITY. Explicit Transfers. Benefits for Dependents and Survivors (1939) Supplemental Security Income. Why Have Social Security?. Economic Status of the Aged Consumption Smoothing Annuity Market Asymmetric Information Adverse Selection. Other Justifications.

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570 views • 34 slides

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Aime 3955 pia - PowerPoint PPT Presentation

CHAPTER 11

CHAPTER 11