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The effects of social security on growth in debt-constrained economies

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University of Macedonia   

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The effects of social security on growth in debt-constrained economies (EN)
Μπερμπέρογλου, Δημήτριος (EL)
Παλυβός, Θεόδωρος (EL)
Electronic Thesis or Dissertation (EN)
Text (EN)
2009-10-12T11:29:42Z
2009 (EN)
Διπλωματική εργασία--Πανεπιστήμιο Μακεδονίας, Θεσσαλονίκη, 2009. (EL)
Approved for entry into archive by eugenia panayiotopoulou([email protected]) on 2009-10-12T11:29:42Z (GMT) No. of bitstreams: 1 BermperoglouDimitriosMSc2009.pdf: 505227 bytes, checksum: 4215bec847df2b94e833182b2638b887 (MD5) (EN)
All too often, asset markets’ imperfections raise borrowing constraints that young people face when they contract loans. The distortions to the allocation of resources that debt constraints cause have led to the intervention of the public sector in an attempt to apply an intergenerational transfer policy that will mitigate them. Social security is such a policy which affects incentives to save and educate thus affecting welfare and growth. However, in the presence of a social security policy borrowing constraints arise endogenously as an outcome of rationality constraints. In this thesis, I examine the impact of a social security policy on the long-run growth employing two different pension schemes (unfunded and fully funded) and directly comparing results that arise from exogenous and endogenous borrowing constraints setup. Under parametric analysis some results are vague and for this reason a numerical analysis becomes necessary. (EN)
Submitted by Dimitrios Bermperoglou ([email protected]) on 2009-10-09T13:46:40Z No. of bitstreams: 1 BermperoglouDimitriosMSc2009.pdf: 505227 bytes, checksum: 4215bec847df2b94e833182b2638b887 (MD5) (EN)
Made available in DSpace on 2009-10-12T11:29:42Z (GMT). No. of bitstreams: 1 BermperoglouDimitriosMSc2009.pdf: 505227 bytes, checksum: 4215bec847df2b94e833182b2638b887 (MD5) Previous issue date: 2009 (EN)
Human capital (EN)
Long-run growth (EN)
Borrowing constraints (EN)
Social security (EN)
Πανεπιστήμιο Μακεδονίας Οικονομικών και Κοινωνικών Επιστημών (EL)
Διατμηματικό Πρόγραμμα Μεταπτυχιακών Σπουδών στην Οικονομική Επιστήμη (EL)
University of Macedonia
Psepheda - Digital Library and Institutional Repository
Ερευνητικές εργασίες φοιτητών / Students’ research papers
ΔΠΜΣ Οικονομική Επιστήμη (M)
Διπλωματικές Εργασίες / Master’s Theses
Ιδρυματικό Καταθετήριο/Institutional Repository



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