Social Security, Unemployment, and Growth

Arbeitspapier

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.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: HWWA Discussion Paper ; No. 266

Classification and Topics

• Classification: Wirtschaft ; Trade Unions: Objectives, Structure, and Effects ; Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity ; Unemployment: Models, Duration, Incidence, and Job Search ; Social Security and Public Pensions ; Unemployment Insurance; Severance Pay; Plant Closings
• Subject: unemployment benefit ; pensions ; wage bargaining ; endogenous growth ; Sozialstaat ; Gesetzliche Rentenversicherung ; Arbeitslosenversicherung ; Neue Wachstumstheorie ; Theorie der Arbeitslosigkeit ; Lohnverhandlungstheorie ; Theorie

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Bräuninger, Michael
• Event: Veröffentlichung
• (who): Hamburg Institute of International Economics (HWWA)
• (where): Hamburg
• (when): 2004

Further information

• Handle: http://hdl.handle.net/10419/19242
• Last update: 10.03.2025, 11:44 AM CET