A platform for research: civil engineering, architecture and urbanism
A platform for research: civil engineering, architecture and urbanism
How does social security affect economic growth? Evidence from cross-country data
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.
How does social security affect economic growth? Evidence from cross-country data
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.
How does social security affect economic growth? Evidence from cross-country data
Zhang, Jie (author) / Zhang, Junsen (author)
2004
Article (Journal)
English
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