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“A reappraisal of social security financing”—revisited

✍ Scribed by Alicia H. Munnell


Book ID
107620839
Publisher
Springer US
Year
2008
Tongue
English
Weight
247 KB
Volume
32
Category
Article
ISSN
1055-0925

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"This paper explains public provision of social capital in an overlapping generations model with 'gerontocracy', without resort to any bequest motive. The old generation has an incentive to provide education and infrastructure because these goods shift the Laffer curve of social security taxation, t