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

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  • 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.

Suggested Citation

  • Aldo Barba, 2006. "Viability of Pay-As-You-Go pension systems: a demand side perspective," Review of Political Economy, Taylor & Francis Journals, vol. 18(3), pages 413-425.
  • Handle: RePEc:taf:revpoe:v:18:y:2006:i:3:p:413-425
    DOI: 10.1080/09538250600797966
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