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

dc.contributor.authorGupta, Rangan
dc.contributor.authorDu Toit, Charlotte Barbara
dc.date.accessioned2009-05-27T06:56:24Z
dc.date.available2009-05-27T06:56:24Z
dc.date.issued2009-03
dc.description.abstractThis 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.citationGupta, 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.issn1015-8812
dc.identifier.urihttp://hdl.handle.net/2263/10173
dc.language.isoenen_US
dc.publisherJutaen_US
dc.rightsJutaen_US
dc.subjectActive and passive policies of unemploymenten_US
dc.subjectUnemployment benefitsen_US
dc.subjectEndogenous growthen_US
dc.subject.lcshUnemploymenten
dc.subject.lcshEconomic developmenten
dc.titleActive versus passive policies of unemployment : growth and public finance perspectivesen_US
dc.typeArticleen_US

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