Social Security, Demographic Trends, and Economic Growth: Theory and Evidence from the International Experience
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The worldwide problem with pay-as-you-go (PAYG) social security systems isn't just financial. This study indicates that these systems may have exerted adverse effects on key demographic factors, private savings, and long-term growth rates. Through a comprehensive endogenous-growth model where human
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美国国家经济研究局创建时间：
2005-02-01
