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Social Security, Unemployment, and Growth AgEcon
Brauninger, Michael.
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 different 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.
Tipo: Working or Discussion Paper Palavras-chave: Unemployment benefits; Pensions; Wage bargaining; Endogenous growth; Labor and Human Capital; E24; H55; J51; J64; J65.
Ano: 2004 URL: http://purl.umn.edu/26346
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KNOWLEDGE SPILLOVER, LEARNING INCENTIVES AND ECONOMIC GROWTH AgEcon
Tsur, Yacov; Zemel, Amos.
Knowledge spillover implies that the social value of knowledge is higher than its private value and leads to insufficient private investment in human capital. This paper examines implications for economic growth and offers a remedy. An incentive mechanism that implements the socially optimal outcome is offered based on learning subsidy and flat income or consumption taxes (each levied at a different phase of the growth process). The scheme is self-financed in that the tax proceeds cover exactly the subsidy payments at each point of time.
Tipo: Working or Discussion Paper Palavras-chave: Endogenous growth; Human capital; Knowledge spillover; Learning incentives; Linear taxes; International Development; C61; H21; O33; O38; O41.
Ano: 2004 URL: http://purl.umn.edu/14991
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