Resource title

Social Security, Unemployment, and Growth

Resource image

image for OpenScout resource :: Social Security, Unemployment, and Growth

Resource description

The paper develops an overlapping generations model that highlights interactions between social security, unemployment and growth. The social security system has two components: old age pensions and unemployment insurance. Pensions have a direct effect on economic growth. Both pensions and unemployment benefits influence equilibrium unemployment caused by wage bargaining. Since unemployment impairs growth, both types of social security have an indirect, negative effect on growth.

Resource author

Michael Bräuninger

Resource publisher

Resource publish date

Resource language

eng

Resource content type

text/html

Resource resource URL

http://hdl.handle.net/10419/19242

Resource license

Adapt according to the presented license agreement and reference the original author.