Growth and social security
Pay-as-you go systems often lower economic growth rates in endogenous models. This affects future generations. A move toward a fully-funded system can offset the reduction in private savings resulting from higher contributions, and help eliminate the impact on economic growth. An exogneous model of technological progress shows no impact on growth of unfunded pensions and convergence occurs in economies which have social security and those that do not have it. A fully-funded system still allows for higher output and capital stock over the short term.
Publication Name: Journal of Institutional & Theoretical Economics
Financing the Provision of Global Public Goods
The article supports other means of financing global public goods provision than using international aid. Topics include supranational institutions, subsidiarity, economies of scope, economies of scale, and specialization.
Publication Name: World Economy
- Abstracts: Only for my own neighborhood? Preferences and voluntary provision of local and global public goods. Effects of price signal choices on market stability
- Abstracts: A constitutional theory of public goods. Anonymity and the voluntary provision of public goods
- Abstracts: Directional accuracy tests of long-term interest rate forecasts. Accurace, usefulness and the evaluation of analysts' forecasts
- Abstracts: The relative importance of actual and potential competition: empirical evidence from the pharmaceuticals market
- Abstracts: Market-structure determinants of national brand-private label price differences of manufactured food products: comment