Dependent children and aged parents: Funding education and social security in an aging economy

Journal of Macroeconomics

Volumn 24, Issue 2, 2002, Pages 145-169

  Pecchenino, Rowena A ^a   Pollard, Patricia S ^b  

^a MICHIGAN STATE UNIVERSITY   (United States)

^b FEDERAL RESERVE BANK OF ST LOUIS   (United States)

Author keywords

Education; Endogenous growth; Social security

Indexed keywords

EID: 0036349221     PISSN: 01640704     EISSN: None     Source Type: Journal    
DOI: 10.1016/S0164-0704(02)00024-1     Document Type: Article

References (36)

1. Altonji J.G. Dunn T.A. Using siblings to estimate the effect of school quality on wages Review of Economics and Statistics 78 1996 665-671
2. Barro R.J. Are government bonds net wealth? Journal of Political Economy 82 1974 1095-1117
3. Barro R.J. Lee J.-W. International comparisons of educational attainment Journal of Monetary Economics 32 1993 363-394
4. Becker G. Murphy K. The family and the state Journal of Law and Economics 31 1988 1-18
5. Board of Trustees, 1999. Federal Old-Age and Survivors Insurance and Disability Insurance Trust Funds. Annual Report. Washington, DC
6. Boldrin, M., 1992. Public education and capital accumulation. J.L. Kellogg Graduate School of Management Northwestern University. Northwestern University Center for Mathematical Science, Discussion paper no. 1017, November
7. Card D. Krueger A. Does school quality matter? Returns to education and the characteristics of public schools in the United States Journal of Political Economy 100 1992 1-40
8. Cigno A. Rosati F. Jointly determined saving and fertility behaviour: theory, and estimates for Germany, Italy, UK and USA European Economic Review 40 1996 1561-1589
9. Cremer H. Kessler D. Pestieau P. Intergenerational transfers within the family European Economic Review 36 1992 1-16
10. Diamond P.A. National debt in a neoclassical growth model American Economic Review 55 1965 1126-1150
11. Diamond P.A. A framework for social security analysis Journal of Public Economics 8 1977 275-298
12. Ehrenberg R. Ehrenberg R. Rees D. Ehrenberg E. School district leave policies, teacher absenteeism, and student achievement Journal of Human Resources 26 1991 72-105
13. Ehrlich I. Lui F.T. Intergenerational trade, longevity, and economic growth Journal of Political Economy 99 1991 1029-1059
14. Glomm G. Ravikumar B. Public versus private investment in human capital: endogenous growth and income inequality Journal of Political Economy 100 1992 818-834
15. Hanushek E. The Economics of schooling: production and efficiency in public schools Journal of Economic Literature 24 1986 1141-1177
16. Hanushek E. The trade-off between child quantity and quality Journal of Political Economy 100 1992 84-117
17. Hanushek, E., Kim, D., 1995. Schooling labor force quality, and economic growth. NBER Working Paper No. 5399, December
18. Hubbard R.G. Judd K. Social security and individual welfare: precautionary saving, borrowing constraints, and the payroll tax American Economic Review 77 1987 630-646
19. Hurd M.D. Research on the elderly: economic status, retirement, and consumption and saving Journal of Economic Literature 28 1990 565-637
20. Imrohoroglu A. Imrohoroglu S. Joines D. A life cycle analysis of social security Economic Theory 6 1995 83-114
21. Kaganovich M. Zilcha I. Education, social security, and growth Journal of Public Economics 71 1999 289-309
22. Laitner J. Juster F.T. New evidence on altruism: a study of TIAA-CREF retirees American Economic Review 86 1996 893-908
23. Lucas R.E.Jr. On the mechanics of economic development Journal of Monetary Economics 21 1988 3-42
24. Mulligan, C., Sala-i-Martin, X., 1999. Social security in theory and practice (II): efficiency theories, narrative theories and implications for reform. NBER Working Paper 7119, May
25. Nishimura K. Zhang J. Pay-as-you-go public pensions with endogenous fertility Journal of Public Economics 48 1992 239-258
26. Nishimura K. Zhang J. Sustainable plans of social security with endogenous fertility Oxford Economic Papers 47 1995 182-194
27. OECD, 1996. Education at a Glance: OECD Indicators, fourth ed. OECD, Paris
28. Pecchenino R. Utendorf K. Social security, social welfare and the aging population Journal of Population Economics 12 1999 607-623
29. Pogue T. Sgontz L. Social security and investment in human capital National Tax Journal 30 1977 157-169
30. Rebelo S. Long-run policy analysis and long-run growth Journal of Political Economy 99 1991 500-521
31. Rangel A. Zeckhauser R. Can market and voting institutions generate optimal intergenerational risk sharing? In: Campbell J. Feldstein M. (Eds.) Risk Aspects of Investment Based Social Security Reform 2000 University of Chicago Press Chicago
32. Sala-i-Martin X. A positive theory of social security Journal of Economic Growth 1 1996 277-304
33. Shultz T. Investment in human capital American Economic Review 51 1961 1-17
34. Spence A.M. Market Signaling: Informational Transfer in Hiring and Related Screening Processes 1974 Harvard University Press Cambridge, MA
35. US House of Representatives, Committee on Ways and Means, 1998. Green Book 1998: Background Material and Data on Programs Within the Jurisdiction of the Committee on Ways and Means. US Government Printing Office, Washington, DC
36. Wildasin D.E. The marginal cost of public funds with an aging population Journal of Population Economics 4 1991 111-135