Please use this identifier to cite or link to this item: https://doi.org/10.1016/j.jpubeco.2008.10.005
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dc.titleOptimal social security in a dynastic model with human capital externalities, fertility and endogenous growth
dc.contributor.authorYew, S.L.
dc.contributor.authorZhang, J.
dc.date.accessioned2011-02-24T06:55:52Z
dc.date.available2011-02-24T06:55:52Z
dc.date.issued2009
dc.identifier.citationYew, S.L., Zhang, J. (2009). Optimal social security in a dynastic model with human capital externalities, fertility and endogenous growth. Journal of Public Economics 93 (3-4) : 605-619. ScholarBank@NUS Repository. https://doi.org/10.1016/j.jpubeco.2008.10.005
dc.identifier.issn00472727
dc.identifier.urihttp://scholarbank.nus.edu.sg/handle/10635/20034
dc.description.abstractIn this paper we investigate the optimal scale of pay-as-you-go social security in a dynastic family model with human capital externalities, fertility and endogenous growth. Human capital externalities reduce the return to human capital investment and hence lead to under-investment in human capital and over-reproduction of the population. If the taste for the number of children is sufficiently weak relative to the taste for the welfare of children, social security can be welfare enhancing by reducing fertility and raising human capital investment per child.©2008 Elsevier B.V. All rights reserved.
dc.description.urihttp://libproxy1.nus.edu.sg/login?url=http://dx.doi.org/10.1016/j.jpubeco.2008.10.005
dc.sourceScopus
dc.subjectFertility
dc.subjectHuman capital externalities
dc.subjectSavings
dc.subjectSocial security
dc.subjectWelfare
dc.typeArticle
dc.contributor.departmentECONOMICS
dc.description.doi10.1016/j.jpubeco.2008.10.005
dc.description.sourcetitleJournal of Public Economics
dc.description.volume93
dc.description.issue3-4
dc.description.page605-619
dc.description.codenJPBEB
dc.identifier.isiut000264959400018
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