Vieillissement et richesse des nations

Jacques Le Cacheux and Vincent Touzé

Revue de l'OFCE, 2003, vol. 84, issue 1, 47-91

Abstract: We examine the consequences of aging on wealth accumulation and growth in a simple overlapping-generations model. We show that, for some given sets of pension rules, aging is always beneficial for growth and development: lengthening the retirement period provides an incentive for saving more, which is always favorable to future generations. Only in the case of a marked increase in the weight of the pay-as-you-go pension system is wealth accumulation reduced and growth lower. We also discuss the utility gains associated to aging, its incidence on labor supply and the fairness of pension rules. JEL codes : D91, H55, D91.

JEL-codes: D91 H55 (search for similar items in EconPapers)
Date: 2003
References: Add references at CitEc
Citations: View citations in EconPapers (15)

Downloads: (external link)
http://www.cairn.info/load_pdf.php?ID_ARTICLE=REOF_084_91 (application/pdf)
http://www.cairn.info/revue-de-l-ofce-2003-1-page-47.htm (text/html)
free

Related works:
Journal Article: Vieillissement et richesse des nations (2003)
Working Paper: Vieillissement et richesse des nations (2003)
Working Paper: Vieillissement et richesse des nations (2003)
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:cai:reofsp:reof_084_91

Access Statistics for this article

More articles in Revue de l'OFCE from Presses de Sciences-Po
Bibliographic data for series maintained by Jean-Baptiste de Vathaire ().