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Persistent link: https://www.econbiz.de/10010980718
The paper develops an overlapping generations model that highlights interactions between social security, unemployment and growth. The social security system has two components: old age pensions and unemployment insurance. Pensions have a direct effect on economic growth. Both pensions and...
Persistent link: https://www.econbiz.de/10010985001
We investigate the convergence process among EU regions between 1980-2002 taking into account the effects of spatial heterogeneity and spatial spillover effects. The spatial regimes model allows for different steady-state growth paths. In contrast to previous analyses, the regimes in this paper...
Persistent link: https://www.econbiz.de/10010985102