Social and Behavioral Sciences Commons^™

Essays On Population Aging And Social Security In The U.S., Shantanu Bagchi

All Graduate Theses and Dissertations, Spring 1920 to Summer 2023

Over the past few decades, falling birth rates and increasing life expectancies have threatened the viability of social security programs all across the Organisation for Economic Co-operation and Development (OECD). In this dissertation, I attempt to shed some light on the extent of the crisis that the social security program in the United States (U.S.) currently faces, and I also recommend one possible reform policy. In the first essay, I provide an alternative estimate of the impact of population aging on the future social security benefits in the U.S., while accounting for the household-level and macroeconomic adjustments to population aging. …

The Supply Of Public School Teachers In The United States: A Study In Human Capital Theory, Andrew W. Bacdayan

All Graduate Theses and Dissertations, Spring 1920 to Summer 2023

This study uses the principles of human capital theory to develop and test a theory of a supply of a class of educated manpower services with special reference to school teachers.

In the theory formulation, the determinants of the existing stock of teacher education capital are first identified. These are: (a) the price per man-year of teaching service, WTS, (b) the rate of interest, r, (c) the price of the human capital already embodied in the individual working for a college degree in teacher education, WCS, and (d) private costs of education such as foregone earnings and tuition fees, FERTN. …