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dc.contributor.authorThøgersen, Joachim
dc.date.accessioned2011-01-11T12:55:48Z
dc.date.available2011-01-11T12:55:48Z
dc.date.issued2010
dc.identifier.citationThøgersen, J. (2010). Unemployment, public pensions and capital accumulation: Assessing growth effects of alternative funding strategies. Journal of Institutional and Theoretical Economics, 166 (3), 502-520en_US
dc.identifier.issnOnline: 1614-0559
dc.identifier.issnPrint: 0932-4569
dc.identifier.urihttps://hdl.handle.net/10642/541
dc.description.abstractThe 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.isoengen_US
dc.publisherMohr Siebecken_US
dc.relation.ispartofseriesJournal of Institutional and Theoretical Economics;166 (3)
dc.subjectUnemploymenten_US
dc.subjectFunding Strategiesen_US
dc.subjectPublic pensionsen_US
dc.subjectVDP::Samfunnsvitenskap: 200::Økonomi: 210::Samfunnsøkonomi: 212en_US
dc.titleUnemployment, public pensions and capital accumulation: Assessing growth effects of alternative funding strategiesen_US
dc.title.alternativeUnemployment, public pensions and capital accumulationen_US
dc.typeJournal articleen_US
dc.typePeer revieweden_US
dc.description.versionPostprint version of article published by Mohr Siebeck. Original available at URL: http://dx.doi.org/10.1628/093245610793102170en_US
dc.identifier.doihttp://dx.doi.org/10.1628/093245610793102170


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