This chapter reviews the theoretical and empirical issues dealing with Social Security
pensions. The first part of the chapter discusses pure pay-as-you-go plans. It considers the …

Nobel laureate Robert Fogel's compelling new study examines health, nutrition and
technology from 1700 to 2100. Although throughout most of human history, chronic …

This book discusses the changing role of government finance in the twentieth century. It
documents the enormous increase in government spending throughout the 1900s across all …

Курс лекций охватывает ключевые проблемы российской экономики и общества в
период до 2000 г. В книге разъясняется неизбежность рыночных реформ, их логика …

Generational policy is a fundamental aspect of a nation's fiscal affairs. The policy involves
redistributing resources across generations and allocating to particular generations the …

We classify social security pension systems in three dimensions: actuarial versus non-
actuarial, funded versus unfunded, and defined-benefit versus defined-contribution systems …

The Chilean pension reform of 1981, a shift from an unfunded to a funded scheme, is
considered to have contributed to this country's excellent economic performance. Positive …

Many countries support the creation of new firms. Such policy is based on the presumption
that the total number of jobs increases when a person moves from unemployment or regular …

How will the distribution of welfare, consumption, and leisure across households be affected
by social security reform? This paper addresses this question for social security reforms with …

This lecture discusses the economic losses that result from an unfunded social security
retirement system and the potential gain from shifting to a funded system. The social security …