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Routledge Public Pensions, Capital Formation, And Economic Growth

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Description

This comprehensive examination by Dr. Nektarios explores the foundational principles and criteria that underpin public pension programmes, whilst analysing their measurable impact on broader economic growth. The work begins with an investigation into the economic rationale behind public pensions, then progresses to examine how economic and demographic variables influence programme costs and the effects that public pension systems exert on aggregate income levels and capital stock. A key contribution lies in the critique of Feldstein's social security wealth variable, which the author argues overestimates the wealth generated by public pensions. By constructing an improved SSW variable, Dr. Nektarios provides fresh empirical insights into pension policy and its macroeconomic consequences, making this volume essential reading for economists, policy makers, and finance professionals seeking to understand the relationship between public pension systems and capital formation.

Key Features

Analyses the economic rationale and foundational principles underlying public pension programmes and their policy frameworks.

Examines how economic and demographic variables directly influence public pension programme costs and long-term sustainability.

Investigates the effects of public pension systems on aggregate income levels and overall capital stock within the economy.

Critiques and improves upon Feldstein's social security wealth variable for more accurate pension wealth measurement.

Provides empirical analysis connecting public pensions to capital formation and macroeconomic growth outcomes.

Product Specifications

Format
hardcover
Domain
Amazon UK
Release Date
13 September 2019
Listed Since
12 September 2019

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