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Inciter à différer le départ en retraite : une analyse en termes de courbe de Laffer

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Author Info

  • Jean-Olivier Hairault
  • François Langot
  • Thepthida Sopraseuth

Abstract

In France, the pattern of old age pension is characterized by a tax on continued activity, which distorts labour market participation towards a retirement age far below the one that would prevail in an optimal environment. This tax on continued activity would disappear with an actuarially fair system that links replacement rates to retirement age. However, by definition, actuarially fair schemes are unable to finance the expected Social Security deficit. Policy makers then face a dilemma between a high level of tax and the lengthening of working years. This trade off is captured by a Laffer curve. We first develop a 2period model to determine the level of the tax that maximizes the Social Security surplus. We then present a calibrated model of the French economy in order to illustrate the relationship between the tax on continued activity, the actuarially fair scheme and the Laffer curve effect.

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Bibliographic Info

Article provided by Dalloz in its journal Revue d'économie politique.

Volume (Year): Volume 115 (2005)
Issue (Month): 2 ()
Pages: 241-263

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Handle: RePEc:cai:repdal:redp_152_0241

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Web page: http://www.cairn.info/revue-d-economie-politique.htm

Related research

Keywords: retirement; tax on continued activity; actuarially fair schemes; Laffer curve;

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Cited by:
  1. 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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