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
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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- LAMBRECHT, Stéphane & MICHEL, Philippe & THIBAULT, Emmanuel, 2005. "Capital accumulation and fiscal policy in an OLG model with family altruism," CORE Discussion Papers 2005027, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- LAMBRECHT, Stéphane & MICHEL, Philippe & THIBAULT, Emmanuel, . "Capital accumulation and fiscal policy in an OLG model with family altruism," CORE Discussion Papers RP -1913, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
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- Gábor Gyárfás & Marko Marquardt, 2001. "Pareto improving transition from a pay-as-you-go to a fully funded pension system in a model of endogenous growth," Journal of Population Economics, Springer, vol. 14(3), pages 445-453.
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