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Système de retraite et vieillissement

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  • Gilles LE GARREC

Abstract

The retirement systems of industrialized countries must be adjusted, because of the increasing ratio of pensioners to workers, How? In a context where the government guarantees the social contract, we show that during the process of aging, the size of the retirement system develops in the following way: it first increases until reaching its maximum sustainable level, and then decreases. It increases first because aging increases the power of the pensioners within the retirement institution. It subsequently decreases because aging reduces the government's political ability to guarantee the debt of the retirement system within its budget.

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Bibliographic Info

Article provided by ENSAE in its journal Annals of Economics and Statistics.

Volume (Year): (2009)
Issue (Month): 93-94 ()
Pages: 363-379

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Handle: RePEc:adr:anecst:y:2009:i:93-94:p:16

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  16. Gilles LE GARREC, 2005. "Retraites, soutenabilité et garantie du gouvernement," Discussion Papers (REL - Recherches Economiques de Louvain), Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES) 2005034, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
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