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Système de retraite par répartition et chômage involontaire : éléments d'évaluation de réformes mixtes

Author

Listed:
  • Mouez Fodha

    (CES - Centre d'économie de la Sorbonne - UP1 - Université Paris 1 Panthéon-Sorbonne - CNRS - Centre National de la Recherche Scientifique)

  • Patricia Le Maitre

    (UBS Vannes - Université de Bretagne Sud - Vannes - UBS - Université de Bretagne Sud)

Abstract

The ageing of the population, resulting from both the increase of life expectancy and the decrease of fertility rates will compromise pay-as-you-go social security schemes in the future. Many economic instruments could be used in order to maintain the balanced budget: the contributions, the benefits, the retirement age and the introduction of a funded pension plan. The aim of this paper is to evaluate the economic consequences of several reforms within a computable general equilibrium framework. We consider an overlapping generations model with labor heterogeneity: unskilled workers facing difficulties on the labour market and skilled workers. We show that a reform consisting simultaneously in the introduction of a funded pension system and the decreasing of benefits is Pareto-improving in the long term, but damages the welfare distribution between unskilled and skilled households. Moreover, we show that the increase in the legal retirement age is seven years.

Suggested Citation

  • Mouez Fodha & Patricia Le Maitre, 2008. "Système de retraite par répartition et chômage involontaire : éléments d'évaluation de réformes mixtes," Post-Print halshs-00310493, HAL.
    • Handle: RePEc:hal:journl:halshs-00310493
    as

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