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  • 1
    Electronic Resource
    Electronic Resource
    Capital accumulation under a pay-as-you-go social security: The influence of labour growth (1996)
    Bingley : Emerald
    International journal of social economics 23 (1996), S. 226-235 
    Details
    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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