English, Article, Journal or magazine article edition: Social Security, Education, Retirement and Growth. Amaia Iza; Cruz A. Echevarría

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Bookmark: http://trove.nla.gov.au/version/183354
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Social Security, Education, Retirement and Growth.
Author
  • Amaia Iza
  • Cruz A. Echevarría
Physical Description
  • preprint
Notes
  • n this paper we analyze the effects of social security policies in an unfunded, earnings-related social security system on the incentives to education investment and voluntary retirement, on growth and on income inequality. Growth is endogenously driven by human capital investment, individuals differ in their innate (learning) ability at birth, and the pension scheme includes a minimum pension. More skilled individuals spend more on education, minimum pensions reduce low skill individuals' incentives to invest in human capital, there is no monotonic relationship between per capita growth and income inequality.
  • Social Security; Pay-as-you-go; Voluntary Retirement; Human Capital; Minimum Pension
  • RePEc:ehu:dfaeii:200801
Language
  • English
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