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Book/Printed Material Social security, demographic trends, and economic growth theory and evidence from the international experience

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Title

  • Social security, demographic trends, and economic growth theory and evidence from the international experience

Summary

  • "The worldwide problem with pay-as-you-go (PAYG) social security systems isn't just financial. This study indicates that these systems may have exerted adverse effects on key demographic factors, private savings, and long-term growth rates. Through a comprehensive endogenous-growth model where human capital is the engine of growth, family choices affect human capital formation, and family formation itself is a choice variable, we show that social security taxes and benefits can create adverse incentive effects on family formation and subsequent household choices, and that these effects cannot be fully neutralized by counteracting intergenerational transfers within families. We implement the model using calibrated simulations as well as panel data from 57 countries over 32 years (1960-92). We find that PAYG tax measures account for a sizeable part of the downward trends in family formation and fertility worldwide, and for a slowdown in the rates of savings and economic growth, especially in OECD countries"--National Bureau of Economic Research web site.

Names

  • Ehrlich, Isaac
  • Kim, Jinyoung, 1957-
  • National Bureau of Economic Research

Created / Published

  • Cambridge, MA : National Bureau of Economic Research, c2005.

Headings

  • -  Economic development
  • -  Human capital
  • -  Saving and investment
  • -  Social security--Economic aspects

Notes

  • -  Title from PDF file as viewed on 2/25/2005.
  • -  Includes bibliographical references.
  • -  Also available in print.
  • -  Mode of access: World Wide Web.
  • -  System requirements: Adobe Acrobat Reader.

Call Number/Physical Location

  • HB1

Digital Id

Library of Congress Control Number

  • 2005616861

Access Advisory

  • Unrestricted online access

Online Format

  • image
  • pdf

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Cite This Item

Citations are generated automatically from bibliographic data as a convenience, and may not be complete or accurate.

Chicago citation style:

Ehrlich, Isaac, Jinyoung Kim, and National Bureau Of Economic Research. Social Security, Demographic Trends, and Economic Growth Theory and Evidence from the International Experience. Cambridge, MA: National Bureau of Economic Research, 2005. Pdf. https://aj.sunback.homes/item/2005616861/.

APA citation style:

Ehrlich, I., Kim, J. & National Bureau Of Economic Research. (2005) Social Security, Demographic Trends, and Economic Growth Theory and Evidence from the International Experience. Cambridge, MA: National Bureau of Economic Research. [Pdf] Retrieved from the Library of Congress, https://aj.sunback.homes/item/2005616861/.

MLA citation style:

Ehrlich, Isaac, Jinyoung Kim, and National Bureau Of Economic Research. Social Security, Demographic Trends, and Economic Growth Theory and Evidence from the International Experience. Cambridge, MA: National Bureau of Economic Research, 2005. Pdf. Retrieved from the Library of Congress, <aj.sunback.homes/item/2005616861/>.