PECCHENINO, ROWENA A.; POLLARD, PATRICIA S. - In: Journal of Public Economic Theory 7 (2005) 3, pp. 449-470
Public pension systems of the G7 countries were established in an era when contributors far outnumbered beneficiaries. Now, for each beneficiary there are fewer contributors, and this trend is projected to accelerate. To evaluate the prospects for these economies we develop an endogenous growth...