Funded social security and economic growth
This 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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- de la Croix,David & Michel,Philippe, 2002.
"A Theory of Economic Growth,"
Cambridge University Press, number 9780521806428.
- Lambrecht, Stephane & Michel, Philippe & Vidal, Jean-Pierre, 2005.
"Public pensions and growth,"
European Economic Review,
Elsevier, vol. 49(5), pages 1261-1281, July.
- Lambrecht, Stéphane & Michel, Philippe & Vidal, Jean-Pierre, 2001. "Public pensions and growth," Working Paper Series 0090, European Central Bank.
- LAMBRECHT, StÃ©phane & MICHEL, Philippe & VIDAL, Jean-Pierre, . "Public pensions and growth," CORE Discussion Papers RP 1820, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- LAMBRECHT, StÃ©phane & 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).
- Stéphane Lambrecht & Philippe Michel & Emmanuel Thibault, 2006. "Capital Accumulation and Fiscal Policy in an OLG Model with Family Altruism," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 8(3), pages 465-486, 08.
- LAMBRECHT, StÃ©phane & 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).
- Pascal Belan & Philippe Michel & Pierre Pestieau, 1998.
"Pareto-Improving Social Security Reform,"
The Geneva Risk and Insurance Review,
Palgrave Macmillan, vol. 23(2), pages 119-125, December.
- Kaganovich, Michael & Zilcha, Itzhak, 1999.
"Education, social security, and growth,"
Journal of Public Economics,
Elsevier, vol. 71(2), pages 289-309, February.
- Joachim Thøgersen, 2010. "Unemployment, Public Pensions, and Capital Accumulation: Assessing Growth Effects of Alternative Funding Strategies," Journal of Institutional and Theoretical Economics (JITE), Mohr Siebeck, Tübingen, vol. 166(3), pages 502-520, September.
- 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.
- Michael Kaganovich & Itzhak Zilcha, 2008. "Alternative Social Security Systems andGrowth," CESifo Working Paper Series 2353, CESifo Group Munich.
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