Macroeconomic consequences of pension reforms in Europe: an investigation with the INGENUE world model

Equipe INGENUE

CEPREMAP Working Papers (Couverture Orange) from CEPREMAP

Abstract: This paper presents some results of the computable, general-equilibrium, multiregional overlapping-generations model INGENUE. The purpose of this research is to analyse the issues relating to wealth accumulation and alternative pension reforms in the context of global finance. Hence it focuses on the international capital flows that ought to be induced by differential aging of the various regions of the world, as depicted by the UN demographic projections. The first section exhibits the stylized facts which suggest that a world equilibrium approach is appropriate and leads to an analysis of the convergence processes. The second section lays out the analytical structure of the world model and detail our choices of calibrating. The third section presents a baseline scenario of the world economy in the XXIth century. The fourth and final section analyses European public pension reforms scenarios.

JEL-codes: F21 C68 D91 H55 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-ifn and nep-pbe
Date: 2001
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Persistent link: http://EconPapers.repec.org/RePEc:cpm:cepmap:0116

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