論文

査読有り
2016年6月

Pensions, education, and growth: A positive analysis

Journal of Macroeconomics
  • Tetsuo Ono
  • ,
  • Yuki Uchida

48
開始ページ
127
終了ページ
143
記述言語
英語
掲載種別
研究論文(学術雑誌)
DOI
10.1016/j.jmacro.2016.03.005
出版者・発行元
ELSEVIER SCIENCE BV

This study presents an overlapping generations model to capture the nature of the competition between generations regarding two redistribution policies, public education and public pensions. From a political economy viewpoint, we investigate the effects of population aging on these policies and economic growth. We show that greater longevity results in a higher pension-to-GDP ratio. However, an increase in longevity produces an initial increase followed by a decrease in the public education-to-GDP ratio. This, in turn, results in a hump-shaped pattern of the growth rate. (C) 2016 Elsevier Inc. All rights reserved.

リンク情報
DOI
https://doi.org/10.1016/j.jmacro.2016.03.005
Web of Science
https://gateway.webofknowledge.com/gateway/Gateway.cgi?GWVersion=2&SrcAuth=JSTA_CEL&SrcApp=J_Gate_JST&DestLinkType=FullRecord&KeyUT=WOS:000393846500009&DestApp=WOS_CPL
ID情報
  • DOI : 10.1016/j.jmacro.2016.03.005
  • ISSN : 0164-0704
  • eISSN : 1873-152X
  • Web of Science ID : WOS:000393846500009

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