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Retraite par répartition et âge de la retraite

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  • Philippe Michel
  • Pierre Pestieau

Abstract

[eng] In this paper, we explain why the old manage to obtain favourable pension policies whereas they belong to a minority in the population. The argument relies on the multidimensional nature of the political process. Indeed, we consider a two-dimensional collective choice problem. The first of these choices is the level of the contribution rate to the Pay-As-You-Go pension system. The second is a non economic decision, unrelated to the pension system. Using a political agency model, we show that, as soon as the retirees are sufficiently numerous, the equilibrium tax rate may be higher than the tax rate preferred by the young, who yet constitute a majority in the population. [fre] Cet article explique pourquoi les travailleurs cessent toute activité de plus en plus tôt alors qu'au travers du système de retraite par répartition la société s'endette de plus en plus. Pour ce faire, nous adoptons un modèle à générations imbriquées avec production et participation endogène au marché du travail pendant la seconde période de vie. Nous montrons que cette participation décroît si la retraite par répartition augmente. Nous montrons aussi qu'en cas de sous-accumulation, imposer une retraite précoce peut être socialement souhaitable.

Suggested Citation

  • Philippe Michel & Pierre Pestieau, 2000. "Retraite par répartition et âge de la retraite," Revue Économique, Programme National Persée, vol. 51(1), pages 15-30.
  • Handle: RePEc:prs:reveco:reco_0035-2764_2000_hos_51_1_410478
    Note: DOI:10.3406/reco.2000.410478
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    Cited by:

    1. Jacques Le Cacheux & Vincent Touzé, 2003. "Vieillissement et richesse des nations," Revue de l'OFCE, Presses de Sciences-Po, vol. 84(1), pages 47-91.
    2. de la Croix, David & Pierrard, Olivier & Sneessens, Henri R., 2013. "Aging and pensions in general equilibrium: Labor market imperfections matter," Journal of Economic Dynamics and Control, Elsevier, vol. 37(1), pages 104-124.
    3. Vincent Touzé, 2005. "Fiscal incidence of unfunded pension system: an analytical investigation," Documents de Travail de l'OFCE 2005-03, Observatoire Francais des Conjonctures Economiques (OFCE).
    4. Bruno Decreuse & Bertrand Wigniolle, 2006. "Schizophrénie intergénérationnelle," Recherches économiques de Louvain, De Boeck Université, vol. 72(1), pages 49-74.
    5. Cheron, Arnaud & Khaskhoussi, Fouad & Khaskhoussi, Tarek & Langot, François, 2004. "Voluntary and involuntary retirement decision : does real wage rigidity affects the effectiveness of pension reforms ?," MPRA Paper 9119, University Library of Munich, Germany.
    6. Antoine D'Autume, 2003. "Ageing and retirement age. What can we learn from the Overlapping Generations Model ?," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00452561, HAL.

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