Bien-être, croissance et systéme de retraite

Patrick Artus

Annals of Economics and Statistics, 1993, issue 31, 101-127

Abstract: We first briefly survey the literature adressing the issues of savings in the life-cycle, the links between the pension system, the savings rate and labor supply, and more generally the nature and causes of transfers between generations. The choice of the pension system has an influence on savings and consumption, hence on capital accumulation and welfare. Starting from the existing research on the choice of the optimal system and level of pensions, we illustrate the different points (choice between a capitalized or a pay-as-you-go system, optimal level of pensions, effects of demographic changes) using an endogenous growth model with overlapping generations. In our model, changes in income induce changes in the investment in human capital of wage earners, hence changes in the long-run growth rate.

Date: 1993
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.jstor.org/stable/20075918 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:adr:anecst:y:1993:i:31:p:101-127

Access Statistics for this article

Annals of Economics and Statistics is currently edited by Laurent Linnemer

More articles in Annals of Economics and Statistics from GENES Contact information at EDIRC.
Bibliographic data for series maintained by Secretariat General () and Laurent Linnemer ().