Glomm, Gerhard; Jung, Juergen; Lee, Changmin; Tran, Chung - School of Economics, UNSW Business School - 2009
government resources from non-productive public pensions to productive public education and infrastructure investments. We argue …-productive public pensions to productive public education and in-
frastructure investments. We argue that the opportunity costs of …, Capital
Accumulation, Public Education and Infrastructure Investments
∗We would like to thank participants of the CESifo …