Vieillissement et inégalités intergénérationnelles en France. Une approche par l'équilibre général
AbstractThis paper investigates the impact of demographic shocks and budgetary policy on the welfare of all generations. For this purpose, we build a large scale OLG model that captures most crucial variables for the analysis of population shocks consequences in France. We introduce life uncertainty (implying precautionary saving) and a bequest motive (stimulating wealth accumulation at old age) so as to reproduce realistic wealth profiles per age. The microeconomic foundations provide an intertemporal indicator of welfare for each generation. Five policy scenarios are distinguished (indexation of pension through transfer adjustments, imperfect indexation of transfers on growth in order to keep the tax rate constant, the creation of an implicit fund, increase in the public debt, or increase in the retirement age). Classification JEL : C68, D91,E6, H55, H6, J1
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Bibliographic InfoArticle provided by Presses de Sciences-Po in its journal Revue économique.
Volume (Year): 53 (2002)
Issue (Month): 4 ()
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Web page: http://www.cairn.info/revue-economique.htm
Other versions of this item:
- Bertrand Crettez & Frédéric Docquier & Philippe Liégeois & Claire Loupias, 2002. "Vieillissement et inégalités intergénérationnelles en France. Une approche par l'équilibre général," Revue Économique, Programme National Persée, vol. 53(4), pages 767-786.
- C68 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computable General Equilibrium Models
- D91 - Microeconomics - - Intertemporal Choice - - - Intertemporal Household Choice; Life Cycle Models and Saving
- E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook
- H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions
- H6 - Public Economics - - National Budget, Deficit, and Debt
- J1 - Labor and Demographic Economics - - Demographic Economics
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