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Details van artikel 61 van 188 gevonden artikelen
| Titel: |
Endogenous versus exogenous efficiency units of labour for the quantitative study of social security: two examples |
| Auteur: |
Alvarez-Albelo, Carmen D. |
| Verschenen in: |
Applied economics letters |
| Paginering: | Jaargang 11 (2004) nr. 11 pagina's 693-697 |
| Jaar: |
2004-09-15 |
| Inhoud: |
This paper explores the role of endogenous versus exogenous efficiency units of labour for the quantitative evaluation of the impact of pay-as-you-go Social Security on labour supply. Pension response to a population growth rate change is also studied. Two dynamic general equilibrium models are used: one with human capital accumulation through learning-by-doing, and a second with exogenous efficiency units of labour. The main differences in the results are the following: (a) the shift in the working time-age profile induced by the elimination of Social Security considerably differs in both models. The increase in average hours worked is 4% higher under human capital accumulation than in the alternative model; and (b) the pension falls by a similar percentage in both models when the population growth rate is set to zero. This occurs because the capital-labour ratio changes less under learning-by-doing than with exogenous efficiency units of labour. |
| Uitgever: |
Routledge |
| Bronbestand: |
Elektronische Wetenschappelijke Tijdschriften |
Details van artikel 61 van 188 gevonden artikelen
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