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Public Pensions, Capital Formation, And Economic Growth
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Product Details
Author:
Miltiadis Nektarios
Format:
Paperback
Pages:
184
Publisher:
Taylor & Francis (May 31, 2021)
Language:
English
ISBN-13:
9780367300210
Weight:
7.125oz
Dimensions:
5.6875" x 9"
File:
TAYLORFRANCIS-TayFran_260717045626524-20260717.xml
Folder:
TAYLORFRANCIS
List Price:
$62.99
Case Pack:
10
As low as:
$59.84
Publisher Identifier:
P-CRC
Discount Code:
H
Country of Origin:
United States
Pub Discount:
30
Imprint:
Routledge
Overview
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.
