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Croissance, transferts et inégalités entre générations

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  • Didier Blanchet
  • Jean-Alain Monfort

Abstract

Retrospective data for income by age and generation are combined with the results of a pension-scheme simulation model to trace long-term living-standard trajectories by cohort, to discuss the existence of "favoured" generation phenomena and analyse the impact by age and generation of various pension reform scenarios. Identification of favoured generations presupposes a relative approach to the concept of welfare and depends on the definition chosen for this concept of relative welfare. If we measure welfare by the instantaneous relative position on the income hierarchy, we observe that some generations have benefited by a relatively high standard of living during their working lives and by the rise in replacement rates for their retirement. If these rates are maintained, more recent generations will enjoy only the latter advantage. If they fall and if pensions are indexed less generously, we shall return to inequality profiles by age comparable to those of the 1950s and 1960s. This paper examines the potentially compensatory role of prefunded supplementary pension schemes. However, it does not discuss the role that might be played by a rise in the age of retirement.

Suggested Citation

  • Didier Blanchet & Jean-Alain Monfort, 2002. "Croissance, transferts et inégalités entre générations," Economie & Prévision, La Documentation Française, vol. 154(3), pages 79-94.
    • Handle: RePEc:cai:ecoldc:ecop_154_0079
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    References listed on IDEAS

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    1. Didier Blanchet & Pierre Marioni, 1996. "L'activité après 55 ans : évolutions récentes et éléments de prospective," Économie et Statistique, Programme National Persée, vol. 300(1), pages 105-119.
    2. 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.
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    4. 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.
    5. Ottilia Rouguet & Pierre Villa, 2000. "Le passage des retraites de la répartition à la capitalisation obligatoire : des simulations à l'aide s'une maquette calibrée," Working Papers 2000-02, CEPII research center.
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    Cited by:

    1. Gérard Cornilleau, 2005. "Croissance économique et bien être matériel," Documents de Travail de l'OFCE 2005-15, Observatoire Francais des Conjonctures Economiques (OFCE).
    2. Carole Bonnet, 2002. "Comptabilité générationnelle appliquée à la France : quelques facteurs d'instabilité des résultats," Economie & Prévision, La Documentation Française, vol. 154(3), pages 59-78.
    3. Gérard Cornilleau, 2006. "Croissance économique et bien-être," Revue de l'OFCE, Presses de Sciences-Po, vol. 96(1), pages 11-34.
    4. repec:hal:spmain:info:hdl:2441/3966 is not listed on IDEAS
    5. repec:hal:spmain:info:hdl:2441/3971 is not listed on IDEAS
    6. André Masson, 2002. "Méthodes et usages des comptes générationnels : un regard décalé," Économie et Prévision, Programme National Persée, vol. 154(3), pages 1-24.

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