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The rapidly aging populations of many developed countries--most notably Japan and member countries of the European Union--present obvious problems for the public pension plans of these countries. Not only will there be disproportionately fewer workers making pension contributions than there are...
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. The education tax rates are chosen, in each period, by a majoritarian rule among the relevant constituents. We demonstrate … tax rates in all generations, and thereby to higher rates of human capital accumulation. -- Social security ; funding …
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