FUNDED PENSIONS, LABOR MARKETPARTICIPATION, AND ECONOMIC GROWTH

This paper analyses a model of overlapping generations in which agents who do notparticipate in the labor market are unable to borrow. Thus an increase in a fullyfunded pension raises aggregate savings even with a fixed participation rate, sinceprivate savings are not crowded out one-for-one. When labor force participation isdetermined endogenously, a rise in the level of fully funded pensions increasesaggregate employment...

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Year of publication:	2002-10-03
Authors:	Fisher, Eric O’Neill ; Roberts, Mark
Institutions:	University <Nottingham> / Department of Economics
Subject:	Wirtschaftswachstum \| Rente \| rent \| Wohlfahrtsstaat \| Arbeitsverhältnis \| employment

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Extent:	295936 bytes 26 p. application/pdf
Series:	The University of Nottingham / School of Economics - discussion papers Discussion Paper ; No. 02/09
Type of publication:	Book / Working Paper
Language:	English
ISSN:	1360-2438
Classification:	E62 - Fiscal Policy; Public Expenditures, Investment, and Finance; Taxation ; J21 - Labor Force and Employment, Size, and Structure ; O41 - One, Two, and Multisector Growth Models ; Pay salaries and social benefits ; Ergonomic job analysis ; Individual Working Papers, Preprints ; No country specification
Source:	USB Cologne (business full texts)