Inciter à différer le départ en retraite : une analyse en termes de courbe de Laffer
In France, the pattern of old age pension is characterized by a tax on continued activity, which distorts labour market participation towards a retirement age far below the one that would prevail in an optimal environment. This tax on continued activity would disappear with an actuarially fair system that links replacement rates to retirement age. However, by definition, actuarially fair schemes are unable to finance the expected Social Security deficit. Policy makers then face a dilemma between a high level of tax and the lengthening of working years. This trade off is captured by a Laffer curve. We first develop a 2period model to determine the level of the tax that maximizes the Social Security surplus. We then present a calibrated model of the French economy in order to illustrate the relationship between the tax on continued activity, the actuarially fair scheme and the Laffer curve effect.
Volume (Year): 115 (2005)
Issue (Month): 2 ()
|Contact details of provider:|| Web page: http://www.cairn.info/revue-d-economie-politique.htm|
When requesting a correction, please mention this item's handle: RePEc:cai:repdal:redp_152_0241. 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: (Jean-Baptiste de Vathaire)
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.