کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
969872 1479483 2009 15 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Optimal social security in a dynastic model with human capital externalities, fertility and endogenous growth
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
Optimal social security in a dynastic model with human capital externalities, fertility and endogenous growth
چکیده انگلیسی

In this paper we investigate the optimal scale of pay-as-you-go social security in a dynastic family model with human capital externalities, fertility and endogenous growth. Human capital externalities reduce the return to human capital investment and hence lead to under-investment in human capital and over-reproduction of the population. If the taste for the number of children is sufficiently weak relative to the taste for the welfare of children, social security can be welfare enhancing by reducing fertility and raising human capital investment per child.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Public Economics - Volume 93, Issues 3–4, April 2009, Pages 605–619
نویسندگان
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