Date of Award
1-1-2001
Thesis Type
Masters
Document Type
Thesis
Divisions
Faculty of Business and Economics
Department
-
Institution
Universiti Malaya
Abstract
This paper develops and simulates an Overlapping Generations Model (OLG) to investigate the macroeconomic impact of social security. We compare the simulation results of the OLG model with and without social security. Calibrated simulations of both the OLG models with and without social security yield steady states path for macroeconomic variables such as capital stock, productivity output, savings, wages, real interest rates and consumption. When social security contribution rates increase, the path of macroeconomic variables will also change accordingly. Thus, employee social security tax reductions will have an impact on the economy. When the rate of population growth changes continuously, steady states paths are not obtained for the macroeconomic variables. Even though we conclude that social security will erode savings, in the aspect of demographic structure in Malaysia, there is still a need to implement social security system in Malaysia.
Additional Information
Dissertation (M.A) -- Faculty of Business and Economics, Universiti Malaya, 2001.
Recommended Citation
Ong, Bee Bee, "OLG (overlapping generations model) simulations of social security in Malaysia" (2001). Student Works (2000-2009). 440.
https://knova.um.edu.my/student_works_2000s/440
Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-No Derivative Works 4.0 International License.
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