Social security and economic integration

Lionel Artige, Antoine Dedry and Pierre Pestieau
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Lionel Artige: HEC, Université de Liège, Belgium

No 2014009, LIDAM Discussion Papers CORE from Université catholique de Louvain, Center for Operations Research and Econometrics (CORE)

Abstract: The purpose of this letter is to analyze the impact of economic integration on capital accumulation and capital flows when countries differ in their social security systems, especially as regards the degree of funding of pensions and the regulation of the retirement age. Funding and early retirement both foster capital accumulation relative to pay-as-you-go pensions with flexible retirement. In the case of economic integration, both imply capital outflow possibly resulting in utility losses.

Keywords: economic union; pension; retirement age; social security (search for similar items in EconPapers)
JEL-codes: F42 H2 J26 (search for similar items in EconPapers)
Date: 2014-03-12
New Economics Papers: this item is included in nep-age and nep-pub
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https://sites.uclouvain.be/core/publications/coredp/coredp2014.html (application/pdf)

Related works:
Journal Article: Social security and economic integration (2014)
Working Paper: Social security and ecoomic integration (2014)
Working Paper: Social security and economic integration (2014)
Working Paper: Social security and economic integration (2014)
Working Paper: Social security and economic integration (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:cor:louvco:2014009

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