This paper investigates one of the most important financial issues arising from a secession or a country partitioning, namely the sharing ot the national public debt. Extending Dreze's distributive neutrlaity condition, we use the generational accounting technique and propose a dynamic...

We investigate the balanced growth effects of pension pland on the rate of growth and on equality in a closed economy where individual decisions about education are the engine of growth. We distinguish between three different benefit rules: a Beveridgean one, a Bismarckian one depending on one's...