Artikel
Money and pay-as-you-go pension
This paper presents examination of how a pension policy affects income growth and the inflation rate in a utility model. Even if the contribution rate of pension increases because of an aging society, an aging society increases income growth and the inflation rate. Moreover, this paper presents examination of the optimal growth rate of the money supply. Because of the pension policy, the optimal growth rate of money stock changes. This result is intuitive because a pay-as-you-go pension changes capital accumulation. Therefore, the income growth rate should be changed to raise the welfare of all generations.
- Sprache
-
Englisch
- Erschienen in
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Journal: Economies ; ISSN: 2227-7099 ; Volume: 6 ; Year: 2018 ; Issue: 2 ; Pages: 1-15 ; Basel: MDPI
- Klassifikation
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Wirtschaft
Social Security and Public Pensions
Monetary Policy
Monetary Growth Models
Demographic Trends, Macroeconomic Effects, and Forecasts
- Thema
-
income growth
pay-as-you-go pension
monetary policy
fewer children
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Yasuoka, Masaya
- Ereignis
-
Veröffentlichung
- (wer)
-
MDPI
- (wo)
-
Basel
- (wann)
-
2018
- DOI
-
doi:10.3390/economies6020021
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:41 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
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Objekttyp
- Artikel
Beteiligte
- Yasuoka, Masaya
- MDPI
Entstanden
- 2018
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