haku: @author Lee, R. / yhteensä: 20
viite: 2 / 20
| Tekijä: | Lee, R. Mason, A. Miller, T. |
| Otsikko: | Saving, wealth and the transition from transfers to individual responsibility: The cases of Taiwan and the United States |
| Lehti: | Scandinavian Journal of Economics
2003 : VOL. 105:3, p. 339-357 |
| Asiasana: | Social security Ageing Investment Wealth Models Asia USA |
| Kieli: | eng |
| Tiivistelmä: | Under the life-cycle saving model, population aging leads to an increased demand for life-cycle wealth. Changes in transfer systems create or destroy one component of life-cycle wealth—transfer wealth. The decline in the familial transfer system in Taiwan and reform of the U.S.Social Security system are two examples of ways that transfer wealth is reduced. The combined effects of aging and changes in transfer systems are analyzed using simulation analysis. Rapid aging and radical decline in transfer systems lead to a large but transitory surge in aggregate saving. Capital per worker increases rapidly and remains at a high level. |
SCIMA