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Systèmes de retraite et vieillissement

The retirement systems of industrialized countries must be adjusted, because of the increasing ratio of pensioners to workers, How? In a context where the government guarantees the social contract, we show that during the process of aging, the size of the retirement system develops in the following way: it first increases until reaching its maximum sustainable level, and then decreases. It increases first because aging increases the power of the pensioners within the retirement institution. It subsequently decreases because aging reduces the government's political ability to guarantee the debt of the retirement system within its budget.

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Paper provided by Observatoire Francais des Conjonctures Economiques (OFCE) in its series Documents de Travail de l'OFCE with number 2005-21.

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Date of creation: 2005
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Handle: RePEc:fce:doctra:0521
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  9. Michele Boldrin & Aldo Rustichini, 2000. "Political Equilibria with Social Security," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 3(1), pages 41-78, January.
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  16. Tabellini, Guido, 2000. " A Positive Theory of Social Security," Scandinavian Journal of Economics, Wiley Blackwell, vol. 102(3), pages 523-45, June.
  17. Gilles LE GARREC, 2005. "Retraites, soutenabilité et garantie du gouvernement," Discussion Papers (REL - Recherches Economiques de Louvain) 2005034, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
  18. Thomas F. Cooley & Jorge Soares, 1999. "A Positive Theory of Social Security Based on Reputation," Journal of Political Economy, University of Chicago Press, vol. 107(1), pages 135-160, February.
  19. Friedrich Breyer & Ben Craig, 1995. "Voting on social security: evidence from OECD countries," Working Paper 9511, Federal Reserve Bank of Cleveland.
  20. Burkhauser, Richard V & Warlick, Jennifer L, 1981. "Disentangling the Annuity from the Redistributive Aspects of Social Security in the United States," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 27(4), pages 401-21, December.
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