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Funded social security and economic growth

  • Kunze, Lars

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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File URL: http://www.sciencedirect.com/science/article/pii/S0165176511004976
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Article provided by Elsevier in its journal Economics Letters.

Volume (Year): 115 (2012)
Issue (Month): 2 ()
Pages: 180-183

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Handle: RePEc:eee:ecolet:v:115:y:2012:i:2:p:180-183
Contact details of provider: Web page: http://www.elsevier.com/locate/ecolet

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  1. Lambrecht, Stephane & Michel, Philippe & Vidal, Jean-Pierre, 2005. "Public pensions and growth," European Economic Review, Elsevier, vol. 49(5), pages 1261-1281, July.
  2. 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).
  3. Kaganovich, M & Zilcha, I, 1997. "Education, Social Security and Growth," Papers 1-97, Tel Aviv.
  4. 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.
  5. repec:cup:cbooks:9780521806428 is not listed on IDEAS
  6. repec:cup:cbooks:9780521001151 is not listed on IDEAS
  7. 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.
  8. Michael Kaganovich & Itzhak Zilcha, 2008. "Alternative Social Security Systems andGrowth," CESifo Working Paper Series 2353, CESifo Group Munich.
  9. 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.
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