Social security, longevity, and moral hazard

Article Abstract:

A study was conducted to examine relationships between social security, longevity and moral hazards. The study assumes that individuals can take hidden action to prolong social security when moral hazards exist in annuity markets. Results show that social security does not create welfare in a pure moral hazard economy. The results indicate the need for inclusion of both adverse selection and moral hazard for social security analysis.

Economic aspects, Social security

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Consumption vs. income taxes when private human capital investments are imperfectly observable

Article Abstract:

New research considers optimal flat-rate taxation in the context of endogenous growth. The different types of expenditure are discussed.

Research, Economic research, Economic development, Flat tax

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Optimal debt, endogenous fertility, and human capital externalities in a model with altruistic bequests

Article Abstract:

A model explores optimal debt in a defined situation.

Australia, Debt, Legacies, Bequests, Fertility, Human capital

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