Vieillissement et choix de l'âge de la retraite. Que peut nous dire le modèle à générations ?
AbstractWe modify the two period OLG model in order to distinguish the effects of individual ageing from changes in birth rate. We characterize optimal pension and retirement age policies in a dynamic framework. We consider a mixed pension scheme, fully funded but offering agents an actuarially fair choice of their retirement age, and show that it is able to implement the optimal solution. Numerical simulations describe the dilemmas which France currently faces.Classification JEL : H55, 041, D9, J1
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Bibliographic InfoArticle provided by Presses de Sciences-Po in its journal Revue économique.
Volume (Year): 54 (2003)
Issue (Month): 3 ()
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Web page: http://www.cairn.info/revue-economique.htm
Find related papers by JEL classification:
- H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions
- D9 - Microeconomics - - Intertemporal Choice and Growth
- J1 - Labor and Demographic Economics - - Demographic Economics
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- Cheron, Arnaud & Khaskhoussi, Fouad & Khaskhoussi, Tarek & Langot, François, 2004. "Voluntary and involuntary retirement decision : does real wage rigidity affects the effectiveness of pension reforms ?," MPRA Paper 9119, University Library of Munich, Germany.
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