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Vieillissement et inégalités intergénérationnelles en France. Une approche par l'équilibre général

Author

Listed:
  • Frédéric Docquier
  • Philippe Liégeois
  • Claire Loupias
  • Bertrand Crettez

Abstract

This paper investigates the impact of demographic shocks and budgetary policy on the welfare of all generations. For this purpose, we build a large scale OLG model that captures most crucial variables for the analysis of population shocks consequences in France. We introduce life uncertainty (implying precautionary saving) and a bequest motive (stimulating wealth accumulation at old age) so as to reproduce realistic wealth profiles per age. The microeconomic foundations provide an intertemporal indicator of welfare for each generation. Five policy scenarios are distinguished (indexation of pension through transfer adjustments, imperfect indexation of transfers on growth in order to keep the tax rate constant, the creation of an implicit fund, increase in the public debt, or increase in the retirement age). Classification JEL : C68, D91,E6, H55, H6, J1

Suggested Citation

  • Frédéric Docquier & Philippe Liégeois & Claire Loupias & Bertrand Crettez, 2002. "Vieillissement et inégalités intergénérationnelles en France. Une approche par l'équilibre général," Revue économique, Presses de Sciences-Po, vol. 53(4), pages 767-785.
  • Handle: RePEc:cai:recosp:reco_534_0767
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    References listed on IDEAS

    as
    1. Carmen M. Reinhart & Kenneth S. Rogoff, 2009. "Varieties of Crises and Their Dates," Introductory Chapters,in: This Time Is Different: Eight Centuries of Financial Folly Princeton University Press.
    2. Carmen M. Reinhart & Kenneth S. Rogoff, 2014. "This Time is Different: A Panoramic View of Eight Centuries of Financial Crises," Annals of Economics and Finance, Society for AEF, vol. 15(2), pages 1065-1188, November.
    3. Carmen M. Reinhart & Kenneth S. Rogoff, 2009. "The Aftermath of Financial Crises," American Economic Review, American Economic Association, pages 466-472.
    4. Carmen M. Reinhart & Kenneth S. Rogoff, 2010. "Growth in a Time of Debt," American Economic Review, American Economic Association, pages 573-578.
    5. Reinhart, Karmen & Rogoff, Kenneth, 2009. ""This time is different": panorama of eight centuries of financial crises," Economic Policy, Russian Presidential Academy of National Economy and Public Administration, vol. 1, pages 77-114, March.
    6. Carmen M. Reinhart & Kenneth S. Rogoff, 2009. "Is the 2007 U.S. Sub-Prime Financial Crisis So Different? An International Historical Comparison," Panoeconomicus, Savez ekonomista Vojvodine, Novi Sad, Serbia, vol. 56(3), pages 291-299, September.
    7. Oskar Morgenstern, 1959. "International Financial Transactions and Business Cycles," NBER Books, National Bureau of Economic Research, Inc, number morg59-1, January.
    8. Willard Long Thorp, 1926. "Prefatory Note," NBER Chapters,in: Business Annals, pages 101-106 National Bureau of Economic Research, Inc.
    9. Michael D. Bordo & Antu P. Murshid, 2000. "Are Financial Crises Becoming Increasingly More Contagious? What is the Historical Evidence on Contagion?," NBER Working Papers 7900, National Bureau of Economic Research, Inc.
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    More about this item

    JEL classification:

    • C68 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computable General Equilibrium Models
    • D91 - Microeconomics - - Micro-Based Behavioral Economics - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making
    • E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook
    • H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions
    • H6 - Public Economics - - National Budget, Deficit, and Debt
    • J1 - Labor and Demographic Economics - - Demographic Economics

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