IDEAS home Printed from https://ideas.repec.org/a/adr/anecst/y1990i18p63-90.html
   My bibliography  Save this article

Retraites par capitalisations et par répartition selon le contexte démographique: quelques résultats comparatifs

Author

Listed:
  • Didier Blanchet

Abstract

This paper compares the properties of funded and pay-as-you-go pension systems in a growth model with two overlapping generations and two classes. We discuss the impact of funding on capital formation, the optimal shares of the two systems according to the population growth rate and the behaviours of pure funding and pure pay-as-you-go in a non-stable population. It is shown that, under the assumptions of the model, it is rather with demographic growth that a fully-funded system is to be preferred, and that the share of unfunded pensions should increase rather than decrease when the population growth rate declines. Furthermore, in a non-stable population, it is shown that funding has the perverse outcome of increasing intergenerational inequality at the expense of large cohorts.

Suggested Citation

  • Didier Blanchet, 1990. "Retraites par capitalisations et par répartition selon le contexte démographique: quelques résultats comparatifs," Annals of Economics and Statistics, GENES, issue 18, pages 63-90.
    • Handle: RePEc:adr:anecst:y:1990:i:18:p:63-90
    as

    Download full text from publisher

    File URL: http://www.jstor.org/stable/20075786
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Henri Sterdyniak & Gaël Dupont & Alexis Dantec, 1999. "Les retraites en France : que faire ?," Revue de l'OFCE, Programme National Persée, vol. 68(1), pages 19-81.
    2. Didier Blanchet, 1992. "Retraites et croissance à long terme. Un essai de simulation," Économie et Prévision, Programme National Persée, vol. 105(4), pages 1-16.
    3. Bravo, Jorge Horacio, 2000. "Population ageing and pension systems in Latin America," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), December.
    4. Thierry Chauveau & Rahim Loufir, 1993. "Retraites et évolutions démographiques en France - Seconde partie : la transition," Revue de l'OFCE, Programme National Persée, vol. 47(1), pages 117-160.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:adr:anecst:y:1990:i:18:p:63-90. See general information about how to correct material in RePEc.

    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.

    We have no bibliographic references for this item. You can help adding them by using 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 RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Secretariat General or Laurent Linnemer (email available below). General contact details of provider: https://edirc.repec.org/data/ensaefr.html .

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

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.