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The Extension of Social Security Coverage in Developing CountriesChung TranAustralian National University (ANU) - School of Economics Juergen JungTowson University - Department of Economics November 13, 2007 CAEPR Working Paper No. 2007-026 Abstract: We investigate the dynamic general equilibrium effects of introducing a social assistance program to elderly informal sector workers in developing countries. We find that the extension of such “retirement benefits” in environments with lacking private sector risk-sharing mechanisms results in welfare increases and relatively minor efficiency losses. Our results suggest that welfare gains attributed to the insurance and redistribution function of the social assistance program dominate welfare losses from distortionary effects of pension payments.
Number of Pages in PDF File: 44 Keywords: Social Security, Altruism, Informal Sector, Private Transfers, Welfare JEL Classification: E6, E21, E26, H30, H53, H55, I38, O17 working papers seriesDate posted: November 13, 2007 ; Last revised: May 26, 2009Suggested CitationContact Information
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