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, May.
- Michael Kaganovich & Itzhak Zilcha, 2008. "Alternative Social Security Systems andGrowth," CESifo Working Paper Series 2353, CESifo Group Munich.
- 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;European Society for Population Economics, vol. 14(3), pages 445-453.
- Kaganovich, M & Zilcha, I, 1997.
"Education, Social Security and Growth,"
1-97, Tel Aviv.
- LAMBRECHT, Stéphane & MICHEL, Philippe & THIBAULT, Emmanuel, "undated".
"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, 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).
- 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.
- Pascal Belan & Philippe Michel & Pierre Pestieau, 1998.
"Pareto-Improving Social Security Reform,"
The Geneva Risk and Insurance Review,
Palgrave Macmillan;International Association for the Study of Insurance Economics (The Geneva Association), vol. 23(2), pages 119-125, December.
- Lambrecht, Stéphane & Michel, Philippe & Vidal, Jean-Pierre, 2001.
"Public pensions and growth,"
Working Paper Series
0090, European Central Bank.
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