The Aging Population and the Size of the Welfare State

Assaf Razin, Efraim Sadka and Phillip Swagel

Working Papers from Tel Aviv

Abstract: This paper develops an overlapping generations model of Social Security and human capital formation in which - somewhat against the conventional wisdom - an increase in the dependency ratio can lead to a reduced tax burden or less generous social transfers. A higher dependency ratio resulting from the aging of the population therefore reduces the extent of redistribution.

Keywords: SOCIAL SECURITY; INCOME TAX; LABOUR (search for similar items in EconPapers)
JEL-codes: H2 N3 (search for similar items in EconPapers)
Pages: 23 pages
Date: 2000
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Citations: View citations in EconPapers (6)

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Related works:
Journal Article: The Aging Population and the Size of the Welfare State (2002)
Working Paper: The Aging of the Population and the Size of the Welfare State (2002)
Working Paper: The Aging Population and the Size of the Welfare State (2001)
Working Paper: The Aging Population and the Size of the Welfare State (2001)
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Persistent link: https://EconPapers.repec.org/RePEc:fth:teavfo:2000-23

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