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Social security and conflict within the family
Authors:Amihai Glazer
Affiliation:(1) Department of Economics, University of California, Irvine, Irvine, CA 92697, USA
Abstract:A husband and wife, though benefitting from marriage, may yet misappropriate some of the spouse's assets rather than let all be saved. In a Nash equilibrium, family savings may therefore be lower than what each spouse would prefer. Social Security, which is a form of forced, secure saving, can therefore increase welfare.
Keywords:Social security  Savings  Bargaining
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