Funded social security and economic growth
AbstractThis paper investigates the relationship between economic growth and a fully funded social security system in an overlapping generations model with family altruism. It is shown that funded social security may harm growth if there are operative bequests within the family.
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Bibliographic InfoArticle provided by Elsevier in its journal Economics Letters.
Volume (Year): 115 (2012)
Issue (Month): 2 ()
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Web page: http://www.elsevier.com/locate/ecolet
Funded social security; Growth; Family altruism;
Find related papers by JEL classification:
- D9 - Microeconomics - - Intertemporal Choice
- H3 - Public Economics - - Fiscal Policies and Behavior of Economic Agents
- I2 - Health, Education, and Welfare - - Education
- O4 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity
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