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

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dc.contributor.author Gupta, Rangan
dc.contributor.author Du Toit, Charlotte Barbara
dc.date.accessioned 2009-05-27T06:56:24Z
dc.date.available 2009-05-27T06:56:24Z
dc.date.issued 2009-03
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 job-finding probability of an unemployed). Besides, the standard result of unemployment being growth reducing, under realistic parameterisation, 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_US
dc.identifier.citation Gupta, R & Du Toit, CB 2009, 'Active versus passive policies of unemployment: growth and public finance perspectives', South African Journal of Economic and Management Sciences, vol. 12, no. 1, pp. 1-10. [http://www.journals.co.za/ej/ejour_ecoman.html] en_US
dc.identifier.issn 1015-8812
dc.identifier.uri http://hdl.handle.net/2263/10173
dc.language.iso en en_US
dc.publisher Juta en_US
dc.rights Juta en_US
dc.subject Active and passive policies of unemployment en_US
dc.subject Unemployment benefits en_US
dc.subject Endogenous growth en_US
dc.subject.lcsh Unemployment en
dc.subject.lcsh Economic development en
dc.title Active versus passive policies of unemployment : growth and public finance perspectives article en_US
dc.type Article en_US


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