Health status risks and the efficiency of social security systems

Yasuo Maeda, Akira Momota

Research output: Contribution to journalArticle

1 Citation (Scopus)

Abstract

We studied the allocative efficiency of a social security system with earning tests focusing on the leisure-work choices of older men. Given empirical findings that health status and social security benefits are the most important determinants of such choices, we incorporated risks with respect to health status into an overlapping-generations model, and analysed how allocative efficiency was changed by the introduction of social security systems. It was found that the effects of a social security system can be broken down into particular categories and that a social security system improves efficiency when the pension system is small. JEL Classification Numbers: H55, 110, E40.

Original languageEnglish
Pages (from-to)350-367
Number of pages18
JournalJapanese Economic Review
Volume53
Issue number3
Publication statusPublished - 2002 Sep
Externally publishedYes

Fingerprint

Health status
Social security system
Allocative efficiency
Overlapping generations model
Social security
JEL classification
Work Choices
Leisure
Pension system

ASJC Scopus subject areas

  • Economics and Econometrics

Cite this

Health status risks and the efficiency of social security systems. / Maeda, Yasuo; Momota, Akira.

In: Japanese Economic Review, Vol. 53, No. 3, 09.2002, p. 350-367.

Research output: Contribution to journalArticle

@article{4716f123dea241748d7f0e545cd1eeca,
title = "Health status risks and the efficiency of social security systems",
abstract = "We studied the allocative efficiency of a social security system with earning tests focusing on the leisure-work choices of older men. Given empirical findings that health status and social security benefits are the most important determinants of such choices, we incorporated risks with respect to health status into an overlapping-generations model, and analysed how allocative efficiency was changed by the introduction of social security systems. It was found that the effects of a social security system can be broken down into particular categories and that a social security system improves efficiency when the pension system is small. JEL Classification Numbers: H55, 110, E40.",
author = "Yasuo Maeda and Akira Momota",
year = "2002",
month = "9",
language = "English",
volume = "53",
pages = "350--367",
journal = "Japanese Economic Review",
issn = "1352-4739",
publisher = "Wiley-Blackwell",
number = "3",

}

TY - JOUR

T1 - Health status risks and the efficiency of social security systems

AU - Maeda, Yasuo

AU - Momota, Akira

PY - 2002/9

Y1 - 2002/9

N2 - We studied the allocative efficiency of a social security system with earning tests focusing on the leisure-work choices of older men. Given empirical findings that health status and social security benefits are the most important determinants of such choices, we incorporated risks with respect to health status into an overlapping-generations model, and analysed how allocative efficiency was changed by the introduction of social security systems. It was found that the effects of a social security system can be broken down into particular categories and that a social security system improves efficiency when the pension system is small. JEL Classification Numbers: H55, 110, E40.

AB - We studied the allocative efficiency of a social security system with earning tests focusing on the leisure-work choices of older men. Given empirical findings that health status and social security benefits are the most important determinants of such choices, we incorporated risks with respect to health status into an overlapping-generations model, and analysed how allocative efficiency was changed by the introduction of social security systems. It was found that the effects of a social security system can be broken down into particular categories and that a social security system improves efficiency when the pension system is small. JEL Classification Numbers: H55, 110, E40.

UR - http://www.scopus.com/inward/record.url?scp=0036746628&partnerID=8YFLogxK

UR - http://www.scopus.com/inward/citedby.url?scp=0036746628&partnerID=8YFLogxK

M3 - Article

VL - 53

SP - 350

EP - 367

JO - Japanese Economic Review

JF - Japanese Economic Review

SN - 1352-4739

IS - 3

ER -