Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/64417
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dc.contributor.authorRada, Codrinaen_US
dc.date.accessioned2011-04-13en_US
dc.date.accessioned2012-09-28T12:38:43Z-
dc.date.available2012-09-28T12:38:43Z-
dc.date.issued2011en_US
dc.identifier.urihttp://hdl.handle.net/10419/64417-
dc.description.abstractThis paper presents a classical model of economic growth which incorporates class conflict and induced technological change to show how demographic changes can affect future income distribution and production relations in industrialized countries. Specifically, I use an extended real wage Phillips curve to account for the effects of a social security tax on income distribution and therefore on capital accumulation and employment. In this framework output growth is determined from the supply side by available savings. Analytical and simulation results indicate that the sustainability of an economy with fast population aging over transient paths hinges upon improvements in labor productivity, hence, the specific mechanism of technical progress in place.en_US
dc.language.isoengen_US
dc.publisher|aUniv. of Utah, Dep. of Economics |cSalt Lake City, Utahen_US
dc.relation.ispartofseries|aWorking Paper, University of Utah, Department of Economics |x2011-04en_US
dc.subject.jelE62en_US
dc.subject.jelE24en_US
dc.subject.jelO30en_US
dc.subject.ddc330en_US
dc.subject.keywordPopulation agingen_US
dc.subject.keywordSocial security taxen_US
dc.subject.keywordEndogenous technical changeen_US
dc.titleSocial security tax and endogenous technical change in an economy with an aging populationen_US
dc.typeWorking Paperen_US
dc.identifier.ppn65625405Xen_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US

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