Growth and social security

Article Abstract:

Pay-as-you go systems often lower economic growth rates in endogenous models. This affects future generations. A move toward a fully-funded system can offset the reduction in private savings resulting from higher contributions, and help eliminate the impact on economic growth. An exogneous model of technological progress shows no impact on growth of unfunded pensions and convergence occurs in economies which have social security and those that do not have it. A fully-funded system still allows for higher output and capital stock over the short term.

Administration of Human Resource Programs (except Education, Public Health, and Veterans' Affairs Programs), Social Security, Analysis, Economic aspects, Welfare economics

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Financing the Provision of Global Public Goods

Article Abstract:

The article supports other means of financing global public goods provision than using international aid. Topics include supranational institutions, subsidiarity, economies of scope, economies of scale, and specialization.

Financial management, Management dynamics, Management, Finance, International aspects, Comparative analysis, Industrial efficiency, Economic efficiency, Public goods, Company business management, International relief organizations, Company financing

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