The destabilizing effects of the social norm to work under a social security system
Rodolphe dos Santos Ferreira
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- PersonId : 1129735
Teresa Lloyd-Braga
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- PersonId : 845078
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Leonor Modesto
- Fonction : Auteur
- PersonId : 845079
Résumé
We study employment dynamics in an OLG model with unemployment benefits financed by taxing wages, and with a defined contribution plan. The novelty with respect to recent studies of the effects of social security in this context is that we introduce a social norm to work, shaping the worker’s participation decision, and hence affecting the reservation wage. We find that a strong social norm to work destabilizes conventional wisdom by reversing the negative effects of social security on employment, and destabilizes the economy by facilitating the emergence of endogenous fluctuations.
Domaines
Economies et financesFormat du dépôt | Notice |
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Type de dépôt | Article dans une revue |
Résumé |
en
We study employment dynamics in an OLG model with unemployment benefits financed by taxing wages, and with a defined contribution plan. The novelty with respect to recent studies of the effects of social security in this context is that we introduce a social norm to work, shaping the worker’s participation decision, and hence affecting the reservation wage. We find that a strong social norm to work destabilizes conventional wisdom by reversing the negative effects of social security on employment, and destabilizes the economy by facilitating the emergence of endogenous fluctuations.
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Titre |
en
The destabilizing effects of the social norm to work under a social security system
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Auteur(s) |
Rodolphe dos Santos Ferreira
1, 2
, Teresa Lloyd-Braga
2
, Leonor Modesto
3, 2
1
BETA -
Bureau d'Économie Théorique et Appliquée
( 93745 )
- Université de Lorraine, UFR Droit Sciences Economiques et Gestion, 13 place Carnot CO 70026, 54035 Nancy Cedex
Université de Strasbourg, Faculté des Sciences Economiques et de Gestion, 61 avenue de la Forêt Noire 67085 Strasbourg Cedex
- France
2
Universidade Católica Portuguesa [Porto]
( 137921 )
- Rua Diogo de Botelho, 1327 | 4169-005 Porto
- Portugal
3
IZA -
Forschungsinstitut zur Zukunft der Arbeit - Institute of Labor Economics
( 237214 )
- Schaumburg-Lippe-Str. 5-9 D-53113 Bonn Germany
- Allemagne
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Licence |
Paternité
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Date de publication électronique |
2015-04-23
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Page/Identifiant |
64-72
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Langue du document |
Anglais
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Nom de la revue |
|
Vulgarisation |
Non
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Comité de lecture |
Oui
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Audience |
Internationale
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Date de publication |
2015-07
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Volume |
76
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Domaine(s) |
|
DOI | 10.1016/j.mathsocsci.2015.04.004 |
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