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Erscheinungsjahr: 
2024
Quellenangabe: 
[Journal:] Metroeconomica [ISSN:] 1467-999X [Volume:] 76 [Issue:] 2 [Publisher:] Wiley [Place:] Hoboken, NJ [Year:] 2024 [Pages:] 297-310
Verlag: 
Wiley, Hoboken, NJ
Zusammenfassung: 
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.
Schlagwörter: 
family altruism
growth
social security
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