Social Security, Unemployment, and Growth
Michael Bräuninger ()
No 266, HWWA Discussion Papers from Hamburg Institute of International Economics (HWWA)
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.
Keywords: unemployment benefit; pensions; wage bargaining; endogenous growth (search for similar items in EconPapers)
JEL-codes: E24 H55 J51 J64 J65 (search for similar items in EconPapers)
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Journal Article: Social Security, Unemployment, and Growth (2005)
Working Paper: Social Security, Unemployment, and Growth (2004)
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:hwwadp:26346
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