Transition vers un système par capitalisation dans un modèle de croissance endogène
AbstractWe study the transition from an unfunded to a funded pension system in an endogenous growth overlapping generations model (with positive externality of aggregate capital stock on individual producers). We suppose that workers have different skill levels. We distinguish cases where the initial unfunded system provides either uniform or past wage decreasing replacement rates. In the first case, a saving-fostering subsidy can make both transition generations and future generations better off. In the second case, the shift in saving return may be insufficient to realize a Pareto-improving reform. Then one needs to keep a intragenerational redistribution scheme. Classification JEL : H55, O41, D9, J1
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Bibliographic InfoArticle provided by Presses de Sciences-Po in its journal Revue économique.
Volume (Year): 52 (2001)
Issue (Month): 6 ()
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Web page: http://www.cairn.info/revue-economique.htm
Other versions of this item:
- Pascal Belan, 2001. "Transition vers un système par capitalisation dans un modèle de croissance endogène," Revue Économique, Programme National Persée, vol. 52(6), pages 1205-1226.
- H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions
- O41 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models
- D9 - Microeconomics - - Intertemporal Choice
- J1 - Labor and Demographic Economics - - Demographic Economics
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