Public Pensions, Capital Formation, And Economic Growth

Public Pensions, Capital Formation, And Economic Growth
Author: Miltiadis Nektarios
Publisher: Routledge
Total Pages: 184
Release: 2019-09-16
Genre: Political Science
ISBN: 100023679X


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Dr. Nektarios examines the principles and criteria under lying public pension programs and assesses the effect of these programs on general economic growth. He begins by discussing the economic rationale of public pensions, then analyzes the influence of economic and demographic variables on the cost of a pension program and the effects of public pension systems on aggregate levels of income and capital stock. Suggesting that Feldstein's social security wealth(SSW) variable overestimates the amount of wealth generated by public pensions, Dr. Nektarios constructs a new SSW variable and uses it to estimate the impact of the u.s. Old Age and Survivors Insurance(OASI) program on capital formation and economic growth in the U.S. economy. The results of his econometric analysis suggest that operation of the OASI program has reduced capital formation by 10to 14 percent.


Public Pensions, Capital Formation, And Economic Growth
Language: en
Pages: 184
Authors: Miltiadis Nektarios
Categories: Political Science
Type: BOOK - Published: 2019-09-16 - Publisher: Routledge

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Dr. Nektarios examines the principles and criteria under lying public pension programs and assesses the effect of these programs on general economic growth. He
Public Pensions and Economic Growth
Language: en
Pages: 169
Authors: Berthold U. Wigger
Categories: Business & Economics
Type: BOOK - Published: 2013-03-20 - Publisher: Springer Science & Business Media

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This book contains material that I have presented in seminars at the Universities of Bochum, Mannheim, Munich, Salerno, and Southern California at Los Angeles,
Pension Reform, Financial Market Development, and Economic Growth
Language: en
Pages: 52
Authors: Mr.Robert Holzmann
Categories: Business & Economics
Type: BOOK - Published: 1996-08-01 - Publisher: International Monetary Fund

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The Chilean pension reform of 1981, in which Chile moved from an unfunded to a funded scheme, is considered to have contributed to this country’s excellent ec
The Economic Theory of Dynamic Pensions and Their Impact on Capital Formation and Economic Growth
Language: en
Pages: 490
Authors: Miltiadis Nektarios
Categories: Economic research
Type: BOOK - Published: 1980 - Publisher:

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Older and Wiser
Language: en
Pages: 176
Authors: Lawrence Thompson
Categories: Social Science
Type: BOOK - Published: 2019-05-23 - Publisher: Routledge

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First published in 1998, this volume was developed as part of the Stockholm Initiative and sets out to assess the situation of providing for retirement and pens