CGE modeling social security reforms

摘要

The paper reviews CGE models that have dealt with social security issues during the last two decades. After introducing the benchmark model from Auerbach and Kotlikoff (1987), we consider the impact of the demographic transition on international capital markets and national wages. Then the discussion focusses on optimal funding and optimal progressivity of social security and concludes with some possible directions for future research. (C) 2016 The Society for Policy Modeling. Published by Elsevier Inc. All rights reserved.