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dc.contributor.authorAndersen, Torben M.en_US
dc.date.accessioned2009-01-28T16:22:58Z-
dc.date.available2009-01-28T16:22:58Z-
dc.date.issued2002en_US
dc.identifier.urihttp://hdl.handle.net/10419/21501-
dc.description.abstractHow does international integration affect the welfare state? Does it call for a leaner or an expanded welfare state? International integration may affect the distortions caused by welfare state activities but also the risks motivating social insurance mechanisms. This paper addresses these potentially counteracting effects in a fully specified intertemporal twocountry stochastic endowment model focusing on the implications of product market integration reducing trade frictions across national product markets. It is shown that lower trade frictions may increase the marginal costs of public funds, which gives an argument for reducing (steady-state) public consumption. However, tighter integration of product markets unambiguously leads to more variability in private consumption, and this gives a case for expanding the social insurance provided via state-contingent public sector activities (automatic stabilizers).en_US
dc.language.isoengen_US
dc.publisheren_US
dc.relation.ispartofseriesIZA Discussion paper series 456en_US
dc.subject.jelH11en_US
dc.subject.jelF10en_US
dc.subject.jelE30en_US
dc.subject.ddc330en_US
dc.subject.keywordTrade frictionsen_US
dc.subject.keywordrisk-sharingen_US
dc.subject.keywordoptimal public consumptionen_US
dc.subject.keywordsocial insuranceen_US
dc.subject.stwGlobalisierungen_US
dc.subject.stwAu├čenhandelsliberalisierungen_US
dc.subject.stwSozialstaaten_US
dc.subject.stwSchocken_US
dc.subject.stwRisikoen_US
dc.subject.stwTheorieen_US
dc.titleInternational Integration, Risk and the Welfare Stateen_US
dc.typeWorking Paperen_US
dc.identifier.ppn348376529en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

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