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出版Research Institute for Quantitative Studies in Economics and Population, McMaster University, 2003
URLhttp://books.google.com.hk/books?id=2cclNAEACAAJ&hl=&source=gbs_api
註釋Saving takes the form of capital accumulation, and the decision to save is affected by the after-tax return that can be expected when the capital is employed during the individual's retirement period. [...] The post-baby-boom cohort is the same size as the pre-baby-boom cohorts, so when the baby boomers become the old generation, the model economy goes through conditions that are designed to be representative of what Canadians will confront in the next few decades. [...] The model confirms the proposition that the wages of the young rise more than do their taxes, so they should welcome the aging of the generation that has preceded them. [...] The model economy discussed in the previous section involves the assumption that the ratio of the wage rate to the interest rate is determined by the relative scarcity of labour and physical capital. [...] With the most common specification for the input-output process, the fact that the interest rate is determined in the rest of the world is sufficient to make the level of the domestic economy's wages determined in the rest of the world as well.