Social security and growth in an aging economy : the case of acturial fairness

Abstract : In many European countries, due to population aging, the switch from conventional unfunded public pension systems to notional systems character- ized by individual accounts is in debate. In this article, we develop an OLG model in which endogenous growth is based on an accumulation of knowledge driven by the proportion of skilled workers and the time they have spent to be trained. In such a framework, we show that conventional pension systems, contrary to notional systems, can enhance economic growth by linking bene- …ts only to partial earnings history. Thus, considering economic growth, the optimal adjustment to aging could consist in increasing the size of existing retirement systems rather than switching to notional systems.
Type de document :
Pré-publication, Document de travail
2012
Liste complète des métadonnées

Littérature citée [59 références]  Voir  Masquer  Télécharger

https://hal-sciencespo.archives-ouvertes.fr/hal-01070354
Contributeur : Spire Sciences Po Institutional Repository <>
Soumis le : mercredi 1 octobre 2014 - 10:35:20
Dernière modification le : mardi 11 octobre 2016 - 13:29:51
Document(s) archivé(s) le : vendredi 2 janvier 2015 - 10:41:10

Fichier

socialsecuritygrowthagingwpofc...
Accord explicite pour ce dépôt

Identifiants

Collections

Citation

Gilles Le Garrec. Social security and growth in an aging economy : the case of acturial fairness. 2012. 〈hal-01070354〉

Partager

Métriques

Consultations de la notice

256

Téléchargements de fichiers

118