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dc.contributor.authorAndersen, Torben M.en
dc.date.accessioned2009-01-28T16:22:58Z-
dc.date.available2009-01-28T16:22:58Z-
dc.date.issued2002-
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 twocountrystochastic endowment model focusing on the implications of product marketintegration 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 forexpanding the social insurance provided via state-contingent public sector activities (automatic stabilizers).en
dc.language.isoengen
dc.publisher|aInstitute for the Study of Labor (IZA) |cBonnen
dc.relation.ispartofseries|aIZA Discussion Papers |x456en
dc.subject.jelH11en
dc.subject.jelF10en
dc.subject.jelE30en
dc.subject.ddc330en
dc.subject.keywordTrade frictionsen
dc.subject.keywordrisk-sharingen
dc.subject.keywordoptimal public consumptionen
dc.subject.keywordsocial insuranceen
dc.subject.stwGlobalisierungen
dc.subject.stwAußenhandelsliberalisierungen
dc.subject.stwSozialstaaten
dc.subject.stwSchocken
dc.subject.stwRisikoen
dc.subject.stwTheorieen
dc.titleInternational Integration, Risk and the Welfare State-
dc.typeWorking Paperen
dc.identifier.ppn845031775en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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