Kiel Working Papers, Kiel Institute for World Economics
No 1291:
Old Europe’s Social Model – A Reason of Low Growth? The Case of Germany
Horst Siebert
Abstract: This paper discusses the goal conflict between social
protection and economic growth as well as employment. Taking the German
economy as an example for the large continental economies of Old Europe, it
analyzes twenty mechanisms that affect the fundamentals of the economy
negatively and imply low growth and high unemployment. An empirical index
is constructed. In the period 1960-2005, an increase in the social
protection index goes together with a decline in the GDP growth rate by 2.6
percentage points.
Keywords: Social protection, Economic growth, Unemployment, Mechanisms for a poor dynamics, Old Europe, Erosion; (follow links to similar papers)
JEL-Codes: H,; J,; K,; O,; P; (follow links to similar papers)
25 pages, September 2006
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