endogenous growth and (ii) wage setting by trade unions as the cause of unemployment. Within this framework, the paper considers … growth and unemployment affected by public pensions under the following two types of pension system: the proportionate …

China's growth is characterized by massive capital accumulation, made possible by high and increasing domestic savings …. In this paper we develop a model with the aim of explaining why savings rates have been high and increasing, and we … investigate the general equilibrium effects on capital accumulation and growth. We show that increased savings and capital …