eBook - PDF

Public Pensions, Capital Formation, And Economic Growth

Name: Public Pensions, Capital Formation, And Economic Growth
ISBN: 9781000236798

Miltiadis Nektarios,

184 pages
English
PDF
Available on iOS & Android

eBook - PDF

Public Pensions, Capital Formation, And Economic Growth

Miltiadis Nektarios,

About this book

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.

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Yes, you can access Public Pensions, Capital Formation, And Economic Growth by Miltiadis Nektarios in PDF and/or ePUB format, as well as other popular books in Politics & International Relations & Politics. We have over one million books available in our catalogue for you to explore.