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Growth and social security: the role of human capital

✍ Scribed by Alexander Kemnitz; Berthold U Wigger


Book ID
114179140
Publisher
Elsevier Science
Year
2000
Tongue
English
Weight
84 KB
Volume
16
Category
Article
ISSN
0176-2680

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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