Income ranking and convergence with physical and human capital and income inequality
Article Abstract:
An overlapping generations model which shows that income inequality impedes output growth by directly harming capital accumulation and indirectly raising the ratio of physical to human capital is described. The model is characterized by income inequality originating from innate ability, and endogenous accumulations of physical and human capital, in the presence of spillovers from average human capital.
Publication Name: Journal of Economic Dynamics & Control
Subject: Economics
ISSN: 0165-1889
Year: 2005
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Long-run effects of unfunded social security with earnings-dependent benefits
Article Abstract:
The effects of unfunded and social security with bequests, fertility and human capital are examined by considering a mix of earnings-dependent and universal social security benefits. Simulations showed that the differences in the effects of social security resulting from variations in the benefit formula should not be ignored.
Publication Name: Journal of Economic Dynamics & Control
Subject: Economics
ISSN: 0165-1889
Year: 2003
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Social Security reform and intertemporal smoothing
Article Abstract:
The effects of social security reforms on retirement benefit accounts are evaluated.
Publication Name: Journal of Economic Dynamics & Control
Subject: Economics
ISSN: 0165-1889
Year: 2007
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