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Alternative Social Security Systems andGrowth
Kaganovich, Michael; Zilcha, Itzhak - CESifo - 2008
include an additional dimension of public policy, namely education funding. Indeed, the productivity growth of future workers …
Persistent link: https://www.econbiz.de/10005181262
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Social Security Systems, Human Capital, and Growth in a Small Open Economy
Kaganovich, Michael; Meier, Volker - CESifo - 2008
that growth can be enhanced by the introduction of pay-as-you-go pensions even if the growth rate of aggregate wages falls … redistributive. This means that if a flat benefit PAYG pension system is in place then the economy will achieve the highest growth …
Persistent link: https://www.econbiz.de/10005181440
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Aid, Growth and Devolution
Lessmann, Christian; Markwardt, Gunther - CESifo - 2009
This paper examines whether the federal structure of aid-receiving countries matters in explaining aid effectiveness. Following the decentralization theorem, the devolution of powers should increase aid effectiveness, since local decision-makers are better informed about local needs. At the same...
Persistent link: https://www.econbiz.de/10008572557
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Decentralization and Foreign Aid Effectiveness: Do Aid Modality and Federal Design Matter in Poverty Alleviation?
Lessmann, Christian; Markwardt, Gunther - CESifo - 2010
examine a commonly used empirical growth model, considering aid modality as well as different measures of political and fiscal …, while the growth impact of other aid types is not generally conditional on decentralization. We therefore conclude that …
Persistent link: https://www.econbiz.de/10008572584