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Viability of Pay-As-You-Go pension systems: a demand side perspective

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Author Info
Aldo Barba
Abstract

We analyse the effects that changes in the scale of public pension systems may exert on production and employment when there is some unused productive capacity, and income distribution results from workers' and capitalists' inconsistent claims on output shares. The essay calls attention to the way in which pension schemes, functional income distribution, and the principle of effective demand interact in the short run.

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Article provided by Taylor and Francis Journals in its journal Review of Political Economy.

Volume (Year): 18 (2006)
Issue (Month): 3 (July)
Pages: 413-425
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Handle: RePEc:taf:revpoe:v:18:y:2006:i:3:p:413-425

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Martin Feldstein, 2005. "Rethinking Social Insurance," American Economic Review, American Economic Association, vol. 95(1), pages 1-24, March. [Downloadable!] (restricted)
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  2. Antonella Stirati, 2001. "Inflation, Unemployment and Hysteresis: an alternative view," Review of Political Economy, Taylor and Francis Journals, vol. 13(4), pages 427-451, October. [Downloadable!] (restricted)
  3. Tito Boeri & Axel Boersch-Supan & Guido Tabellini, 2002. "Pension Reforms and the Opinions of European Citizens," American Economic Review, American Economic Association, vol. 92(2), pages 396-401, May. [Downloadable!] (restricted)
  4. Christian E. Weller, 2004. "The future of public pensions in the OECD," Cambridge Journal of Economics, Oxford University Press, vol. 28(4), pages 489-504, July. [Downloadable!] (restricted)
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This page was last updated on 2008-8-31.

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