How does social security affect economic growth? Evidence from cross-country data

Zhang, Jie and Zhang, Junsen (2004) How does social security affect economic growth? Evidence from cross-country data. Journal of Population Economics, 17 3: 473-500. doi:10.1007/s00148-004-0198-x

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Author Zhang, Jie
Zhang, Junsen
Title How does social security affect economic growth? Evidence from cross-country data
Journal name Journal of Population Economics   Check publisher's open access policy
ISSN 0933-1433
1432-1475
Publication date 2004-08
Sub-type Article (original research)
DOI 10.1007/s00148-004-0198-x
Volume 17
Issue 3
Start page 473
End page 500
Total pages 28
Editor K. F. Zimmerman
Place of publication Berlin, Germany
Publisher Springer-Verlag
Collection year 2004
Language eng
Subject C1
340210 Welfare Economics
720199 Macroeconomic issues not elsewhere classified
Abstract This paper investigates how social security interacts with growth and growth determinants (savings, human capital investment, and fertility). Our empirical investigation finds that the estimated coefficient on social security is significantly negative in the fertility equation, insignificant in the saving equation, and significantly positive in the growth and education equations. By contrast, the estimated coefficient on growth is insignificant in the social security equation. The results suggest that social security may indeed be conducive to growth through tipping the trade-off between the number and quality of children toward the latter.
Keyword Social security
Growth
Fertility
Human capital
Saving
Q-Index Code C1

Document type: Journal Article
Sub-type: Article (original research)
Collections: Excellence in Research Australia (ERA) - Collection
2005 Higher Education Research Data Collection
School of Economics Publications
 
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Created: Wed, 15 Aug 2007, 03:55:04 EST