Economics at your fingertips  

Retraites, croissance et inégalités en présence d'individus myopes

Mohamed Bouzahzah, Frédéric Docquier () and Oliver Paddison

Economie & Prévision, 2002, vol. 155, issue 4, 31-44

Abstract: This article discusses an endogenous growth model involving myopic agents. Like Feldstein (1985), we have assumed that the discount rates of the utility and future income of economic agents are multiplied by a myopia factor distributed uniformly over [0.1]. Within this framework, the creation of a pure pay-as-you-go system not only reduces growth but also inequalities within generations. In a period of stable growth, a funded system generally makes it possible to achieve the same fairness objectives while stimulating the growth rate. The article examines the possibility of switching from a pure pay-as-you-go system to pre-funding: the presence of myopic agents significantly raises the transition costs borne by the first generations.

Keywords: growth; inequalities; myopia; pensions; interlaced generations (search for similar items in EconPapers)
Date: 2002
References: Add references at CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed

Downloads: (external link) (application/pdf) (text/html)

Related works:
Journal Article: Retraites, croissance et inégalités en présence d'individus myopes (2002) Downloads
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:

Access Statistics for this article

More articles in Economie & Prévision from La Documentation Française
Bibliographic data for series maintained by Jean-Baptiste de Vathaire ().

Page updated 2019-07-21
Handle: RePEc:cai:ecoldc:ecop_155_0031