The effects of income and consumption taxation are examined in the context of models in
which the growth process is driven by the accumulation of human and physical capital. The …

This report focuses primarily on the mechanics of financing the transition from an unfunded
pension scheme with equates with hidden public debt to a funded scheme which makes this …

Abstract The Old Age, Survivors, and Disability Insurance program (OASDI, or" Social
Security") has been, by most accounts, extremely successful and popular. Despite the …

This paper presents a life cycle model that contains the Becker¿ s (1975) and Heckman¿ s
(1976) models as special cases. Contrary to the previous literature, the model can explain …

The reform of public pension systems has become a key policy issue in many countries.
Because conventional approaches to reform largely unfunded retirement income schemes …

How governments raise tax revenue has as much effect on the well-being of their citizens as
how these revenues are spent; and gauging these economic effects requires that one know …

This paper presents a life cycle model that contains the Becker's (1975) and Heckman's
(1976) models as special cases. Contrary to the previous literature, the model can explain …

In order to investigate the role of international technology transfer in long-run growth, this
paper develops a theoretical model in which differences in trade-related learning-by-doing …

As it is well known, an unfunded pension scheme constitutes a obligation towards current
retirees and workers (a contingent liability), and thus is equivalent to a hidden public debt …

The Russian system of old-age income provision, both because of its former socialist
orientation and its financial difficulties, has been slow to adapt to the new market realities in …