On the determinants of the optimal level of social protection in a continuous-time stochastic economy


 

Start and End of the Project
2018 a 2019

Principal Investigator
Professor Pedro G. Rodrigues

 

Research Team

 Pedro G. Rodrigues
CAPP/ISCSP, Universidade de Lisboa
 João Amador
Nova SBE, Universidade Nova de Lisboa

Summary

In this project, we analyze the main elements underlying the choice for social protection in a continuous-time stochastic endogenous growth setup. We model social protection as a public insurance against shocks that affect the dependency ratio of the representative household, such as bad health, disability, unemployment or a variation in the number of infants and elders. This project aims to offer insights into the determinants of the optimal level of social protection. Calibration difficulties and data availability will determine to which OECD countries the model will be applied to.

 

 

 


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