Arbeitspapier

Funded Pensions, Labor Market Participation, and Economic Growth.

This paper analyses a model of overlapping generations in which agents who do not participate in th elabor market are unable to borrow. Thus an increase in a fully funded pension raises aggregate savings even with a fixed participation rate since private savings are not crowded out one-for-one. When labor force participation is determined endogenously, a rise in the level of fully funded pensions increases the aggregate labor supply. This in turn increases aggregate savings and growth, directly by raising per capita savings and indirectly through tax and interest rate effects.

Sprache
Englisch

Erschienen in
Series: EPRU Working Paper Series ; No. 2001-04

Klassifikation
Wirtschaft

Ereignis
Geistige Schöpfung
(wer)
Roberts, Mark A.
Fisher, Eric O'N.
Ereignis
Veröffentlichung
(wer)
University of Copenhagen, Economic Policy Research Unit (EPRU)
(wo)
Copenhagen
(wann)
2001

Handle
Letzte Aktualisierung
10.03.2025, 11:42 MEZ

Datenpartner

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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Arbeitspapier

Beteiligte

  • Roberts, Mark A.
  • Fisher, Eric O'N.
  • University of Copenhagen, Economic Policy Research Unit (EPRU)

Entstanden

  • 2001

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