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Social Insurance and Transition Author info | Abstract | Publisher info | Download info | Related research | Statistics Atkeson, Andrew
Kehoe, Patrick J
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The authors study the general equilibrium effects of social insurance on transition in a model in which the process of moving workers from matches in the state sector to new matches in the private sector takes time and involves uncertainty. As might be expected, adding social insurance to an economy without any improves welfare. Contrary to standard intuition, however, adding social insurance may slow transition. The authors show that this result depends crucially on general equilibrium interactions of interest rates and savings under alternative market structures. Copyright 1996 by Economics Department of the University of Pennsylvania and the Osaka University Institute of Social and Economic Research Association.
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Article provided by Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association in its journal International Economic Review .
Volume (Year): 37 (1996)
Issue (Month): 2 (May)
Pages: 377-401
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Handle: RePEc:ier:iecrev:v:37:y:1996:i:2:p:377-401Contact details of provider: Postal: 160 McNeil Building, 3718 Locust Walk, Philadelphia, PA 19104-6297 Phone: (215) 898-8487 Fax: (215) 573-2057 Email: Web page: http://www.econ.upenn.edu/ier More information through EDIRC
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Paper Andrew Atkeson & Patrick J. Kehoe, 1995.
"Social insurance and transition ,"
Working Papers
547, Federal Reserve Bank of Minneapolis.
[Downloadable!] Andrew Atkeson & Patrick J. Kehoe, 1995.
"Social insurance and transition ,"
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[Downloadable!] Andrew Atkeson & Patrick J. Kehoe, 1993.
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[Downloadable!] (restricted) References listed on IDEAS 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.: Dewatripont, M & Roland, G, 1992.
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Greenwood, Jeremy & Jovanovic, Boyan, 1990.
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Greenwood, J. & Jovanovic, B., 1990.
"Financial Development, Growth, And The Distribution Of Income ,"
University of Western Ontario, The Centre for the Study of International Economic Relations Working Papers
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[Downloadable!] (restricted) Greenwood, Jeremy & Jovanovic, Boyan, 1988.
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[Downloadable!] Fernandez, Raquel & Rodrik, Dani, 1991.
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American Economic Review ,
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Andrew Atkeson & Patrick J. Kehoe, 1995.
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Hall, Robert E, 1982.
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American Economic Review ,
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Chari, V V, 1983.
"Involuntary Unemployment and Implicit Contracts ,"
The Quarterly Journal of Economics ,
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Other versions: Dixit, Avinash & Rob, Rafael, 1994.
"Risk-sharing, adjustment, and trade ,"
Journal of International Economics ,
Elsevier, vol. 36(3-4), pages 263-287, May.
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Rogerson, Richard & Wright, Randall, 1988.
"Involuntary unemployment in economies with efficient risk sharing ,"
Journal of Monetary Economics ,
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Bencivenga, Valerie R & Smith, Bruce D, 1991.
"Financial Intermediation and Endogenous Growth ,"
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Other versions: Dale Mortensen, 1984.
"Job Search and Labor Market Analysis ,"
Discussion Papers
594, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
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Other versions: Rogerson, Richard, 1987.
"An Equilibrium Model of Sectoral Reallocation ,"
Journal of Political Economy ,
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Green, Jerry & Kahn, Charles M, 1983.
"Wage-Employment Contracts ,"
The Quarterly Journal of Economics ,
MIT Press, vol. 98(3), pages 173-87, Supplemen.
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Full
references Cited by : (explanations , 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.)
Jan Svejnar, 2001.
"Transition Economies: Performances and Challenges ,"
William Davidson Institute Working Papers Series
415, William Davidson Institute at the University of Michigan Stephen M. Ross Business School.
[Downloadable!]
Other versions: Saso Polanec, 2004.
"Price Liberalization and Output Decline in Transition ,"
LICOS Discussion Papers
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C Grafe & C Wyplosz, 1998.
"The Real Exchange Rate in Transition Economies ,"
CEP Discussion Papers
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Other versions: Vivek H. Dehejia & Douglas W. Dwyer, 2004.
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Gerard Rpland, 2001.
"The Political Economy of Transition ,"
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Randolph Luca Bruno, 2003.
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Evgeni Peev, 2001.
"Corporate Governance Transformation in Transition Economies : Evidence from Bulgaria ,"
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Erling Steigum & Oystein Thogersen, 2001.
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Vladimir Popov, 2006.
"Shock Therapy Versus Gradualism Reconsidered: Lessons From Transition Economies After 15 Years Of Reforms ,"
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Jurajda, Stepán & Terrell, Katherine, 2002.
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[Downloadable!] Jurajda, Stepan & Terrell, Katherine, 2002.
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[Downloadable!] (restricted) Stepan Jurajda & Katherine Terrell, 2002.
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432, William Davidson Institute at the University of Michigan Stephen M. Ross Business School.
[Downloadable!] Peev, Evgeni, 2002.
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2002-1, Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University.
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Andrew Atkeson & Patrick Kehoe, 1997.
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Jan Svejnar, 2006.
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Dehejia, Vivek & Dwyer, Douglas W, 2000.
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2450, C.E.P.R. Discussion Papers.
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Stepan Jurajda & Katherine Terrell, 2000.
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Sunanda Roy, 2000.
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