Active versus passive policies of unemployment : growth and public finance perspectives

Show simple item record

dc.contributor.author Du Toit, Charlotte Barbara
dc.contributor.upauthor Gupta, Rangan
dc.date.accessioned 2008-02-15T10:58:33Z
dc.date.available 2008-02-15T10:58:33Z
dc.date.issued 2006-10
dc.description.abstract This paper develops a general equilibrium endogenous growth model in an overlapping generations framework, and compares, in terms of economic growth, a passive unemployment policy (unemployment insurance) with an active unemployment policy (government expenditures targeted towards improving the jobfinding probability of an unemployed). Besides, the standard result of unemployment being growth reducing, under realistic parameterization, we show that the government, under an active policy, can generate higher growth without any compromise on its own consumption, when compared to the unemployment benefit regime. The result, however, depends crucially on the efficiency with which the resources are spent in creating employment. en
dc.format.extent 717114 bytes
dc.format.mimetype application/pdf
dc.identifier.citation Gupta, R & Du Toit, C 2006, 'Active versus passive policies of unemployment : growth and public finance perspectives', University of Pretoria, Department of Economics, Working paper series, no. 2006-20. [http://web.up.ac.za/default.asp?ipkCategoryID=736&sub=1&parentid=677&subid=729&ipklookid=3] en
dc.identifier.uri http://hdl.handle.net/2263/4514
dc.language.iso en en
dc.publisher University of Pretoria, Department of Economics en
dc.relation.ispartofseries Working Paper (University of Pretoria, Department of Economics) en
dc.relation.ispartofseries 2006-20 en
dc.rights University of Pretoria, Department of Economics en
dc.subject Active policies of unemployment en
dc.subject Passive policies of unemployment en
dc.subject Unemployment benefits en
dc.subject Endogenous growth en
dc.subject.lcsh Unemployment en
dc.subject.lcsh Economic development en
dc.title Active versus passive policies of unemployment : growth and public finance perspectives en
dc.type Working Paper en


Files in this item

This item appears in the following Collection(s)

Show simple item record