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Public Pensions and Economic Growth - Berthold U. Wigger
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Berthold U. Wigger:

Public Pensions and Economic Growth - Paperback

2010, ISBN: 3642077595

[EAN: 9783642077593], Neubuch, [SC: 0.0], [PU: Springer Berlin Heidelberg], ECONOMICINTERGENERATIONALTRANSFERS; INVESTMENT; PAY-AS-YOU-GO-SYSTEM; PUBLICPENSIONS; PUBLICPENSIONREFORM; FERT… More...

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Wigger, Berthold U.:

Public Pensions and Economic Growth - Paperback

2010, ISBN: 9783642077593

[ED: Softcover], [PU: Springer / Springer Berlin Heidelberg / Springer, Berlin], This book contains material that I have presented in seminars at the Universities of Bochum, Mannheim, Mun… More...

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Wigger, Berthold U.:
Public Pensions and Economic Growth - Paperback

2009

ISBN: 9783642077593

Springer Berlin Heidelberg, Taschenbuch, Auflage: Softcover reprint of hardcover 1st ed. 2002, 180 Seiten, Publiziert: 2009-12-28T00:00:01Z, Produktgruppe: Buch, Hersteller-Nr.: 11 black … More...

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Wigger, Berthold U.:
Public Pensions and Economic Growth - Paperback

2009, ISBN: 9783642077593

Springer Berlin Heidelberg, Taschenbuch, Auflage: Softcover reprint of hardcover 1st ed. 2002, 180 Seiten, Publiziert: 2009-12-28T00:00:01Z, Produktgruppe: Buch, Hersteller-Nr.: 11 black … More...

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Wigger, Berthold U.:
Public Pensions and Economic Growth - Paperback

2010, ISBN: 3642077595

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Public Pensions and Economic Growth
Author:
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ISBN:

9783642077593


This book studies the normative and positive ramifications of public pension policies in a growing economy. It analyzes the impact of an unfunded public pension scheme on aggregate productivity growth and efficiency, it considers the political forces behind public pension legislation, and it develops and discusses elements of public pension design and reform. The book emphasizes the endogenous growth paradigm for an understanding of the dynamic impact of intergenerational transfers inherent in an unfunded public pension scheme. It uncovers an allocative role of intergenerational transfers which is exclusively linked to the possibility of endogenously evolving economic growth. The endogenous growth approach also allows to identify unfunded public pensions as a source of a conflict between current and future generations. This conflict shapes private old-age security considerations as well as the process of public pension legislation.

Details of the book - Public Pensions and Economic Growth


EAN (ISBN-13): 9783642077593
ISBN (ISBN-10): 3642077595
Hardcover
Paperback
Publishing year: 2010
Publisher: Springer Berlin Heidelberg

Book in our database since 2012-01-23T12:43:17+00:00 (London)
Detail page last modified on 2023-07-11T16:10:32+01:00 (London)
ISBN/EAN: 9783642077593

ISBN - alternate spelling:
3-642-07759-5, 978-3-642-07759-3
Alternate spelling and related search-keywords:
Book author: wigger, will berthold, christian feist, michèle karen, börsch supan, carl christian von weizsäcker, carl friedrich von weizsäcker, borsch supan, kaas, friedrich leo, deutsche forschungsgemeinschaft, leo gerhard, axel friedrich, axel alexander, friedrich munich
Book title: economic growth, berthold

Information from Publisher

Author: Berthold U. Wigger
Title: Public Pensions and Economic Growth
Publisher: Springer; Springer Berlin
164 Pages
Publishing year: 2010-12-01
Berlin; Heidelberg; DE
Printed / Made in
Weight: 0,454 kg
Language: English
109,99 € (DE)

BC; Public Economics; Hardcover, Softcover / Wirtschaft/Volkswirtschaft; Öffentlicher Dienst und öffentlicher Sektor; Verstehen; Economic Growth; Intergenerational transfers; Investment; Pay-as-you-go-system; Public Pensions; Public pension reform; fertility; growth; human capital; productivity; Macroeconomics/Monetary Economics//Financial Economics; Public Economics; Macroeconomics and Monetary Economics; Makroökonomie; BB

1. Introduction.- 2. Public Pensions and Economic Growth: The Basic Framework.- 2.1. The Analytical Elements.- 2.1.1. The Individuals.- 2.1.2. The Firms.- 2.1.3. The Public Pension Program.- 2.1.4. The Competitive Equilibrium.- 2.2. Productivity Growth.- 2.3. Allocative Efficiency.- 2.4. Public Pension Reform.- Appendix 2.- 3. The Allocative Role of Intergenerational Transfers in Endogenous Growth Economies.- 3.1. Investment Externalities, Intergenerational Transfers, and Pareto-improvements.- 3.1.1. A Subsidy to Private Savings.- 3.1.2. A Pareto-Improving Policy.- 3.2. The Length of the Working Life.- 3.2.1. A Two-Period Model without Retirement.- 3.2.2. A Three-Period Model with Retirement.- 3.3. Endogenous Innovation.- 3.4. Human Capital Formation.- 3.4.1. Externalities from Human Capital Formation.- 3.4.2. An Optimal Public Pension Scheme.- Appendix 3.- 4. Public versus Private Intergenerational Transfers.- 4.1. Dynastic Altruism.- 4.2. Gifts, Bequests, and Growth.- 4.3. When Are Private Intergenerational Transfers Operative?.- 4.4. Old-Age Security and Neutrality.- 4.5. Legislating Public Pensions (I).- 4.5.1. The Political Equilibrium.- 4.5.2. An Intergenerational Conflict.- 4.5.3. The Role of Population Growth.- 4.5.4. Concluding Remarks.- Appendix 4.- 5. The Family as an Old-age Security Device.- 5.1. A Twofold Fertility Motive.- 5.2. The Interplay between Productivity Growth and Fertility.- 5.2.1. Operative Intrafamily Transfers.- 5.2.2. Productivity Growth.- 5.2.3. Fertility.- 5.2.4. The Economy’s Growth Factor.- 5.3. Legislating Public Pensions (II).- 5.3.1. The Political Equilibrium.- 5.3.2. Reduced Joy of Having Children.- 5.3.3. A Numerical Example.- Appendix 5.- 6. Summary.- List of Symbols.- References.- Author Index.

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