email: popecon@iza.org
|
Search the Database
For copyright reasons we (Editorial Office) are
not able to send you copies of published papers. If you are interested in articles please contact
your local library, which might have the Journal of Population Economics.
 |
Furthermore, the publisher Springer offers several online services at "Springer Link", e.g. the download of articles, sample
copies and alerting services.
|
Detailed Information:
| Author(s): |
Tetsuo Ono
|
| Title: |
Growth and unemployment in an OLG economy with public pensions
|
| Abstract: |
This paper develops an overlapping generations model including (1) a productive externality as an engine of endogenous growth and (2) wage setting by trade unions as the cause of unemployment. Within this framework, the paper considers growth and unemployment affected by public pensions under the following two types of pension system: the proportionate pension system where only the contributors, that is, the employed, receive pensions, and the lump-sum pension system where both the employed and the unemployed receive pensions. It is shown that public pensions create a trade-off between growth and employment in the former system, whereas they produce no trade-off in the latter.
|
| Published: |
J Popul Econ (2010) 23 (2): 737-767
|
| Keywords: |
Public pensions - Unemployment - Overlapping generations - Economic growth - Union wage setting
|
| Jel: |
E24 - H55 - J51
|
|
