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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
DOI: 10.1016/s0176-2680(00)00020-3

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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