Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/319317 
Year of Publication: 
2024
Citation: 
[Journal:] Metroeconomica [ISSN:] 1467-999X [Volume:] 76 [Issue:] 2 [Publisher:] Wiley [Place:] Hoboken, NJ [Year:] 2024 [Pages:] 297-310
Publisher: 
Wiley, Hoboken, NJ
Abstract: 
This paper investigates the relationship between economic growth and the degree of fundedness of a social security system in an overlapping generations model with family altruism. It is shown that the relationship between the degree of fundedness and economic growth is inverted U‐shaped so that a gradual increase in funding may harm growth if bequests are not operative within the family. Our findings put some caution on the conventional view that a higher degree of funded social security is beneficial for growth.
Subjects: 
family altruism
growth
social security
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Article
Document Version: 
Published Version

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