Public pensions and economic growth the basic framework seiten 5 31 wigger priv doz dr berthold u vorschau kapitel kaufen 2670 eur the allocative role of intergenerational transfers in endogenous growth economies seiten 33 70 wigger priv doz dr berthold u vorschau kapitel kaufen 2670 eur public versus private intergenerational transfers seiten 71 109 wigger priv doz dr . The basic framework consists of a combination of three elements a population subdivided into a finite number of overlapping generations a production structure allowing for endogenous per capita income growth and government activity in the form of a public pension program based on the pay as you go principle second the present chapter aims to give a first insight into the ramifications of the productivity growth effects the allocative efficiency implications and the possible reform . Klappentext zu public pensions and economic growth this book contains material that i have presented in seminars at the universities of bochum mannheim munich salerno and southern california at los angeles the institute for advanced studies in vienna the max planck institute for demographic research in rostock and on various international meetings and conferences. Derives a new result that unfunded public pensions can increase growth in an economy in which bequests are operative however this result is driven by the assumption of joy of giving altruism which bears two caveats rst it does not allow for inoperative bequests second the return on human capital is not related to the return on physical capital in our model weassumea form of altruism adapted from becker 1991 that
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