Public Pensions, Capital Formation, And Economic Growth (Hardcover)

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.

General

Imprint:	Routledge
Country of origin:	United Kingdom
Release date:	September 2019
First published:	1983
Authors:	Miltiadis Nektarios
Format:	Hardcover
Pages:	184
ISBN-13:	978-0-367-28475-6
Categories:	Books > Business & Economics > Economics > General Books > Business & Economics > Finance & accounting > Finance > Pensions Books > Money & Finance > Pensions Promotions
LSN:	0-367-28475-8
Barcode:	9780367284756

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