Abstract of International Social Security, Demographic Trends, and Economic Growth

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Abstract of International Social Security, Demographic Trends, and Economic Growth
National Bureau of Economic Research [NBER]

Feb. 16, 2005

Excerpt: The worldwide problem with pay-as-you-go (PAYG) social security systems isn't just financial. This study indicates that these systems may have exerted adverse effects on key demographic factors, private savings, and long-term growth rates.

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