Electronic Resource
Bingley
:
Emerald
International journal of social economics
23 (1996), S. 226-235
ISSN:
0306-8293
Source:
Emerald Fulltext Archive Database 1994-2005
Topics:
Economics
Notes:
Deals with the influence of the labour growth rate on the capital per head in an economy with a pay-as-you-go social security. Carries out the analysis within an overlapping generations model of a closed economy. Analyses the consequences of a shock on the labour growth rate. A decline of the labour growth rate might reduce the maximum sustainable social security. Normally it will increase capital per head, but with a high social security there might be an inverse reaction. Concludes that this is due to an increased burden of social security on the active generation.
Type of Medium:
Electronic Resource
URL:
http://dx.doi.org/10.1108/EUM0000000004307
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