Reichel, Richard - In: Review of Economic Analysis : REA 14 (2022) 3, pp. 343-360
This paper attempts to analyze the growth effects of social security expenditures in Germany from a time series … correction model. Results show that there is a bidirectional relationship between growth and social security expenditures. In the … short run, social security expenditures and growth rates are inversely related. Lower or even negative growth rates cause …