IDEAS home Printed from
MyIDEAS: Log in (now much improved!) to save this article

Taille du système de retraite par répartition et âge optimal de départ à la retraite

Listed author(s):
  • Patrick Artus
Registered author(s):

    [eng] Size of the payas you go pension system and optimal retirement age We examine the determination of the optimal (from the point of view of social welfare) retirement age. We analyze the relationship between the choice of the retirement age and the choice of the nature of the pension system (relative shares of the pay-as-you-go and of the capitalized system). We compare two situations: in the first one, the retirement age is compulsory and chosen by the authorities; in the second one, wage-earners can freely decide to retire later, which increases the level of the pension they will get for a given level of contribution to the pay-as-you-go system. We use a theoretical overlapping generations model, where consumers choose between consumption and leisure, and where the authorities maximize social welfare using two instruments: retirement age (at least in the case they can freely choose it); the structure of the pension system. We show in particular that wage earners spontaneously choose to retire too late (from the point of view of welfare), since they ignore the link between retirement age, real wages and real interest rates. [fre] Taille du système de retraite par répartition et âge optimal de départ à la retraite Nous examinons la détermination de l'âge optimal (du point de vue du bien-être) de départ à la retraite. Nous regardons comment le choix de cet âge optimal interréagit avec celui de la taille du système de retraite par répartition. Nous comparons deux situations : l'un où le départ à la retraite est obligatoire à un certain âge ; l'un où le maintien en activité au-delà d'un certain âge minimal permet d'ac­croître le niveau de retraite, et peut être choisi librement par les salariés. Nous utilisons un modèle théorique à générations imbriquées, où les consommateurs arbitrent entre consommation et loisir, et où les autorités maximisent le bien-être social à l'aide de deux instruments : l'âge de départ à la retraite (dans le cas où les autorités le choisissent), la structure du système de retraites entre ca­pitalisation et répartition. Nous montrons, en particulier, que les salariés choisissent spontanément un âge de la retraite trop élevé (du point de vue du bien-être), car ils ignorent le lien entre l'âge de la retraite, le salaire réel et le taux d'intérêt réel d'équilibre.

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

    File URL:
    Download Restriction: Data and metadata provided by Persée are licensed under a Creative Commons "Attribution-Noncommercial-Share Alike 3.0" License

    As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.

    Article provided by Programme National Persée in its journal Revue économique.

    Volume (Year): 52 (2001)
    Issue (Month): 4 ()
    Pages: 773-790

    in new window

    Handle: RePEc:prs:reveco:reco_0035-2764_2001_num_52_4_410356
    Contact details of provider: Web page:

    No references listed on IDEAS
    You can help add them by filling out this form.

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    When requesting a correction, please mention this item's handle: RePEc:prs:reveco:reco_0035-2764_2001_num_52_4_410356. 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: (Equipe PERSEE)

    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.

    This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.