Public Pensions, Capital Formation, And Economic Growth

Author:   Miltiadis Nektarios
Publisher:   Taylor & Francis Ltd
ISBN:  

9780367284756


Pages:   194
Publication Date:   13 September 2019
Format:   Hardback
Availability:   In Print   Availability explained
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Public Pensions, Capital Formation, And Economic Growth


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Author:   Miltiadis Nektarios
Publisher:   Taylor & Francis Ltd
Imprint:   Routledge
Weight:   0.453kg
ISBN:  

9780367284756


ISBN 10:   0367284758
Pages:   194
Publication Date:   13 September 2019
Audience:   College/higher education ,  General/trade ,  Tertiary & Higher Education ,  General
Format:   Hardback
Publisher's Status:   Active
Availability:   In Print   Availability explained
This item will be ordered in for you from one of our suppliers. Upon receipt, we will promptly dispatch it out to you. For in store availability, please contact us.

Table of Contents

Tables and Figures -- Acknowledgments -- 1. GENERAL INTRODUCTION -- PART 1 - THE ECONOMIC THEORY OF DYNAMIC OLD-AGE PENSIONS -- 2. INTRODUCTION SCOPE AND METHOD -- 3. OLD-AGE PENSIONS IN A PERFECTLY COMPETITIVE ECONOMY -- 4. COLLECTIVE DEMAND FOR OLD-AGE PENSIONS -- The Nature of Demand for Old-Age Pensions Sources of Collective Demand for Old-Age Pension Market Imperfections Concern with the Social Environment -- 5. OLD-AGE PENSIONS IN AN IMPERFECT ECONOMY -- A Holistic Model of Dynamic Pensions Basic Characteristics Financing Provisions Comparisons Between the Holistic Model andOther Models of Public Pensions -- PART 2 - THE INFLUENCE OF THE ECONOMY ON A PAY-AS-YOU-GO SYSTEMS OF PENSIONS -- 6. AN ECONOMIC-DEMOGRAPHIC MODEL OF THE PAY-AS-YOU-GO SYSTEM -- Introduction -- The Model -- Price-Indexed Pensions -- Wage-Indexed Pensions -- The Growth Rate of the Payroll Tax --7. EMPIRICAL EVIDENCE OF THE INFLUENCE OF THE ECONOMY ON THE U.S. OASI PROGRAM -- Simulations of the OASI Program -- Decomposition of the Growth Rate of the Payroll Tax -- PART 3 - THE IMPACT OF A PAY-AS-YOU-GO PENSION SYSTEM ON THE ECONOMY -- 8. INTRODUCTION -- 9. SOCIAL SECURITY WEALTH -- Feldstein's Concept of Social Security Wealth -- A New Concept of Social Security Wealth -- 10. THE IMPACT OF A PAY-AS-YOU-GO PENSION SYSTEM ON THE ECONOMY: REVIEW OF THE LITERATURE -- The Excess Burden of a Pay-As-You-Go Pension System -- The Effect of Public Pensions on Saving -- Empirical Evidence -- Policy Implications of Capital Deficiency -- 11. A PAY-AS-YOU-GO PENSION SYSTEM IN A STEADYSTATE GROWTH MODEL -- 12. THE IMPACT OF A PAY-AS-YOU-GO PENSION SYSTEM ON INCOME AND THE CAPITAL STOCK: EVIDENCE FROM THE U.S. TIME SERIES -- Estimates Based on Consumption Function -- Estimates Based on a System of Simultaneous -- Equations on a Simulation -- Estimates Based -- Conclusions -- APPENDICES -- Appendix A: A Demographic Model -- Appendix B: Description and Sources of -- Variables Used in Chapter 7 -- Appendix C: Social Security Wealth in 1958 Dollars -- Appendix D: Names and Sources of variables -- Used in the Simultaneous Equation System. -- Appendix E: Actual and Simulated Values -- BIBLIOGRAPHY -- INDEX.

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