Gorski, Michael (contributor); Krieger, Tim (contributor); … - 2007
-recipients and net-payers in the system, together probably leading to political
consequences in a democracy.
The paper is structured …, contribution rates are fixed and decision making lasts for
individual lifetime. This allows us to consider only one generation at … individual when deciding on education – the education decision is a 0-1-
decision – considers his abilities, the net pension …