Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: http://hdl.handle.net/10419/33293
Erscheinungsjahr: 
2006
Schriftenreihe/Nr.: 
IZA Discussion Papers No. 2081
Verlag: 
Institute for the Study of Labor (IZA), Bonn
Zusammenfassung: 
This paper considers a three-overlapping-generations model of endogenous growth wherein human capital is the engine of growth. It first contrasts the laissez-faire and the optimal solutions. Three possible accumulation regimes are distinguished. Then it discusses a standard set of tax-transfer instruments that allow for decentralization of the social optimum. Within the limits of our model, the rationale for the standard pattern of intergenerational transfers (the working-aged financing the education of the young and the pension of the old) is seriously questioned. On pure efficiency grounds, the case for generous public pensions is rather weak.
Schlagwörter: 
endogenous growth
human capital
intergenerational transfers
JEL: 
D90
H21
H52
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
449.71 kB





Publikationen in EconStor sind urheberrechtlich geschützt.