Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/19242 
Year of Publication: 
2004
Series/Report no.: 
HWWA Discussion Paper No. 266
Publisher: 
Hamburg Institute of International Economics (HWWA), Hamburg
Abstract: 
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.
Subjects: 
unemployment benefit
pensions
wage bargaining
endogenous growth
JEL: 
J51
E24
J64
H55
J65
Document Type: 
Working Paper

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