Système de retraite et vieillissement

Gilles Le Garrec ()

Annals of Economics and Statistics, 2009, issue 93-94, 349-361

Abstract: 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.

Date: 2009
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.jstor.org/stable/27917396 (text/html)

Related works:
Working Paper: Systèmes de retraite et vieillissement (2005)
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:2009:i:93-94:p:349-361

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 ().