Social Security and the Real Economy: An Inquiry Into Some Neglected Issues
扩展了现收现付社会保障对实体经济影响的研究，从私人储蓄转向经济增长和家庭选择等被忽视的方面，基于内生增长模型进行分析。
The debate concerning the effects of payas-you-go (PAYG), defined-benefits, social security systems on the real economy has focused on private savings (Robert J. Barro, 1978; Martin Feldstein, 1997). We expand the inquiry to neglected effects on economic growth and underlying family choices. Our inquiry is based on Ehrlich and Francis T. Lui's (1998) model of the relationships among social security, the family, and endogenous growth.