Population Aging, Pension Systems, and Economic Growth: Applying an Overlapping Generations Model to the Informal Sector

Population Aging, Pension Systems, and Economic Growth: Applying an Overlapping Generations Model to the Informal Sector

This paper analyzes the effects of an unfunded pension system on economic growth using an extended overlapping generations model to include the informal sector. Emerging countries usually have a more significant informal sector than advanced ones. The findings based on the Thai economy data suggest...

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Bibliographic Details
Main Author: NAVARAT TEMSUMRIT
Format: Article
Language:English
Published: World Scientific Publishing 2023-09-01
Series:Asian Development Review
Subjects:
aging population
human capital
informal sector
old-age allowance
overlapping generations model
public pension system
Online Access:https://www.worldscientific.com/doi/10.1142/S0116110523500154

Internet

https://www.worldscientific.com/doi/10.1142/S0116110523500154

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