Public Pensions, Capital Formation, And Economic Growth
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A01=Miltiadis Nektarios
Author_Miltiadis Nektarios
Average Compound Growth Rate
Capital Intensiveness
Capital Labor Ratio
capital stock effects
Category=KCG
Category=KFFP
Demographic
demographic economics
Dynamic Incidence
econometric analysis of pension impact
Economic Demographic Model
Empirical Evidence
eq_bestseller
eq_business-finance-law
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eq_isMigrated=2
eq_nobargain
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Follow
pay-as-you-go pensions
Payroll Tax
Payroll Tax Rate
Pension Bonds
Pension System
pension system modeling
Private Insurance Markets
Provide Retirement Income
Public Pension
Public Pension Plans
Public Pension Program
Public Pension System
Reduced Stock Prices
Retired Population
retirement policy research
Retirement Years
Saving Income Ratio
Short Run Coefficient
social security analysis
Social Security Wealth
Survivors Insurance Program
The Economy
Vice Versa
Violates
Product details
- ISBN 9780367300210
- Weight: 200g
- Dimensions: 144 x 229mm
- Publication Date: 31 May 2021
- Publisher: Taylor & Francis Ltd
- Publication City/Country: GB
- Product Form: Paperback
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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.
