Long-Term Growth and Welfare in Trnasitional Economies : The Impact of Demographic, Investment and Social Policy Changes
This paper analyses the long-term growth and welfare impact of the transition to the market economy in the countries of Eastern Europe. We define welfare as the average real net wage after payments of social security contributions to fund a paygo-type pension system, and of taxes to service the interests on the accumulated public debt.
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|Date of creation:||1996|
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Web page: http://www.wider.unu.edu/
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