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It is argued that a PAYGO system may have useful allocative functions in that it serves as an insurance against not having children and as an enforcement device for rotten kid' who are unwilling to pay their parents a pension. It is true that the system has amoral hazard effect in terms of...
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It is argued that a PAYGO system may have useful allocative functions in that it serves as an insurance against not having children and as an enforcement device for rotten kid' who are unwilling to pay their parents a pension. It is true that the system has amoral hazard effect in terms of...
Persistent link: https://www.econbiz.de/10014158127
It is argued that a PAYGO system may have useful allocative functions in that it serves as an insurance against not having children and as an enforcement device for 'rotten kids' who are unwilling to pay their parents a pension. It is true that the system has a moral hazard effect in terms of...
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reconsidered. Yet the euro should not be given up. The euro itself is indispensible for Europe. During the financial crisis it has … beneficial for all European countries as has often been claimed. The euro has shifted Europe's growth forces from the center to … and public debt constraints, it has stimulated the periphery of Europe up to the point of overheating, with ultimately …
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