Pension systems from the perspective of economic theory. A narrative historical review
Keywords:
Pension system, welfare, income distribution, economic growthAbstract
Modern pension systems originated in the early twentieth century, but it was not until the 1960s that leading figures in economic theory started to debate in the academic sphere what the economic effects of pension systems would be. They focused on the effects on welfare, income distribution, and economic growth. This article reflects the main arguments related to each of these points.
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