Title: Retirement Systems and the Economic Costs of Aging
Abstract:The discussion thus far has suggested that the way pension systems are structured might affect the costs associated with aged dependency. Lawrence Thompson of the Urban Institute cautions that analyse...The discussion thus far has suggested that the way pension systems are structured might affect the costs associated with aged dependency. Lawrence Thompson of the Urban Institute cautions that analyses of this sort can often be misleading. He suggests that pensions are financed by a combination of contributions from labor income and returns on capital. He says that if a “lower charge to labor is offset by a higher charge to capital income, the total cost to the economy is the same even though it may be distributed differently.”Read More
Publication Year: 2005
Publication Date: 2005-01-17
Language: en
Type: book-chapter
Indexed In: ['crossref']
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