We analyze the effects that changes in the scale of public pension systems may exert on production and employment when there is some unused productive capacity, and income distribution results from workers’ and capitalists’ inconsistent claims on output shares. The essay calls attention to the way in which pension schemes, functional income distribution, and the principle of effective demand interact in the short run.
Viability of Pay--As-You-Go Pension Systems: A Demand Side Perspective / Barba, Aldo. - In: REVIEW OF POLITICAL ECONOMY. - ISSN 1465-3982. - STAMPA. - 18:3(2006), pp. 413-425. [10.1080/09538250600797966]
Viability of Pay--As-You-Go Pension Systems: A Demand Side Perspective
BARBA, ALDO
2006
Abstract
We analyze the effects that changes in the scale of public pension systems may exert on production and employment when there is some unused productive capacity, and income distribution results from workers’ and capitalists’ inconsistent claims on output shares. The essay calls attention to the way in which pension schemes, functional income distribution, and the principle of effective demand interact in the short run.File in questo prodotto:
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