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- W2355666585 abstract "In this paper, we analyze the relationship between pay-as-you-go scheme and the economic growth in an overlapping generation economy, in which all individuals are altruistic and live for three periods. Government's tax revenue comes from labor wage taxes. In addition, tax revenues are allocated between public pension and public service. Accordingly, we demonstrate that although pay-as-you-go scheme may increase the representative individual's utility, it impedes the economic growth. Meantime, this lecture demonstrates that our country should reform public pension system." @default.
- W2355666585 created "2016-06-24" @default.
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- W2355666585 date "2008-01-01" @default.
- W2355666585 modified "2023-09-25" @default.
- W2355666585 title "Public Pension and Economic Growth" @default.
- W2355666585 hasPublicationYear "2008" @default.
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