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| Author: | Groezen, B. van Meijdam, L. Verbon, H.A.A. |
| Title: | Increased pension savings: Blessing or curse? Social security reform in a two-sector growth model |
| Journal: | Economica
2007 : NOV, VOL. 74:296, p. 736-755 |
| Index terms: | government insurance social security pension funds public administration taxation growth models |
| Language: | eng |
| Abstract: | This paper investigates the consequences of a switch to a more funded pension scheme for economic growth (hereafter as: gr.) in an economy consisting of a capital-intensive commodity sector (here as: sct.) with endogenous gr. and a labour-intensive services sct. The increased savings cause long-run gr. to be higher in a closed economy, provided labour and capital are not strong substitutes. The reverse holds for a small open economy etc. |
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