Advanced Search
MyIDEAS: Login to save this article or follow this journal

Eléments d'évaluation de la réforme des retraites

Contents:

Author Info

  • Jean-Yves Hénin
  • Thomas Weitzenblum

Abstract

[fre] Jean-Yves Hénin, Thomas Weitzenblum Eléments d'évaluation de la réforme des retraites. Ce travail est consacré à une évaluation des coûts et avantages de différents scénarios de réforme des retraites. Il considère tant les stratégies d'ajustement des prestations : — réduction des taux de remplacement, départ retardé - que les stratégies de financement à l'équilibre courant ou introduisant un fonds de lissage ou encore constituant un pilier de capitalisation publique. Le calcul explicite de la dynamique de transition dans un modèle d'équilibre général à agents hétérogènes permet une caractérisation très complète de l'impact en termes de bien- être sur diverses cohortes et par PCS de ces stratégies alternatives. Les résultats font ressortir d'abord la dégradation spontanée de la situation des « jeunes », nés ou à naître, dans un scénario tendanciel. Ils soulignent l'importance des effets redis- tributifs et confirment que loin de constituer des scénarios « pareto - améliorants, où tout le monde gagne, les efforts à consentir par les générations actuellement actives, sont relativement élevés. Ils prouvent que l'impact de mesures de « départ retardé » sur des indicateurs synthétiques d'inégalités (les coefficients de Gini) est plus défavorable que celui de mesures de réduction proportionnelle des taux de remplacement. [eng] Assessing Pension Reforms. In order to assess the welfare costs and gains of different scenarios of pension reforms for French socio- occupational groups, we compute transition paths from the current situation to the steady states resulting from the ultimate effects of reforms. Accounting for different income and mortality risks, together with bequests, allows our model to better reproduce wealth inequality than standard life-cycle models do. Alternative pensions reforms are considered, combining : i) reduced generosity through lower replacement rates or postponing retire- ment ; ii) alternative financing schemes : current balance vs. building a temporary smoothing fund or a permanent funded pillar. The consequences of these scenarios on macro aggregates, inequality measures and age/group specific welfare and consumption profiles are computed at the rational expectation equilibrium. We first show how the situation of young cohorts deteriorates in the no-reform case, with a passive adjustment in contribution rates. However, the intergenerational redistributive effects of reforms are found to be large, thus supporting the view that structural pension reforms are not Pareto-improving. We especially show that postponing the retirement age increases inequalities more than reducing replacement rates does and that alternative financing adjustements involve only modest intra-generational redistributive effects.

Download Info

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
File URL: http://dx.doi.org/10.3406/rfeco.2004.1529
Download Restriction: no

File URL: http://www.persee.fr/articleAsPDF/rfeco_0769-0479_2004_num_18_3_1529/rfeco_0769-0479_2004_num_18_3_1529.pdf?mode=light
Download Restriction: no

Bibliographic Info

Article provided by Programme National Persée in its journal Revue française d'économie.

Volume (Year): 18 (2004)
Issue (Month): 3 ()
Pages: 9-73

as in new window
Handle: RePEc:prs:rfreco:rfeco_0769-0479_2004_num_18_3_1529

Note: DOI:10.3406/rfeco.2004.1529
Contact details of provider:
Web page: http://www.persee.fr/web/revues/home/prescript/revue/rfeco

Related research

Keywords:

References

No references listed on IDEAS
You can help add them by filling out this form.

Citations

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:prs:rfreco:rfeco_0769-0479_2004_num_18_3_1529. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Equipe PERSEE).

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.