dc.contributor.author | Thøgersen, Joachim | |
dc.date.accessioned | 2011-01-11T12:55:48Z | |
dc.date.available | 2011-01-11T12:55:48Z | |
dc.date.issued | 2010 | |
dc.identifier.citation | Thøgersen, J. (2010). Unemployment, public pensions and capital accumulation: Assessing growth effects of alternative funding strategies. Journal of Institutional and Theoretical Economics, 166 (3), 502-520 | en_US |
dc.identifier.issn | Online: 1614-0559 | |
dc.identifier.issn | Print: 0932-4569 | |
dc.identifier.uri | https://hdl.handle.net/10642/541 | |
dc.description.abstract | The paper develops an overlapping-generations model that interacts with a labor
market characterized by equilibrium unemployment. This structure implies that
young individuals can be in two different states, employed or unemployed. Hence,
the social security system contains both old-age benefits and unemployment insurance.
Including these features, themodel seeks to assess growth effects of three
different pension systems: one unfunded and two funded, where the distinction is
made between actuarial and nonactuarial funding strategies. It is shown that both
funded systems generate higher growth than an unfunded system. Moreover, the
actuarial system fosters higher growth than the nonactuarial. | en_US |
dc.language.iso | eng | en_US |
dc.publisher | Mohr Siebeck | en_US |
dc.relation.ispartofseries | Journal of Institutional and Theoretical Economics;166 (3) | |
dc.subject | Unemployment | en_US |
dc.subject | Funding Strategies | en_US |
dc.subject | Public pensions | en_US |
dc.subject | VDP::Samfunnsvitenskap: 200::Økonomi: 210::Samfunnsøkonomi: 212 | en_US |
dc.title | Unemployment, public pensions and capital accumulation: Assessing growth effects of alternative funding strategies | en_US |
dc.title.alternative | Unemployment, public pensions and capital accumulation | en_US |
dc.type | Journal article | en_US |
dc.type | Peer reviewed | en_US |
dc.description.version | Postprint version of article published by Mohr Siebeck. Original available at URL: http://dx.doi.org/10.1628/093245610793102170 | en_US |
dc.identifier.doi | http://dx.doi.org/10.1628/093245610793102170 | |