Demographic Transition, Involuntary Unemployment and Intergenerational Redistribution: simulations in an AGEM framework

Transition démographique, chômage involontaire et redistribution intergénérationnelle: simulations dans un cadre d'équilibre général à générations imbriquées

Mouez Fodha and Patricia Le Maitre ()
Additional contact information
Patricia Le Maitre: UBS Vannes - Université de Bretagne Sud - Vannes - UBS - Université de Bretagne Sud

Post-Print from HAL

Abstract: Pay as-you-go social security schemes will face increasing difficulties in the next few years due to population aging, which results from both extension of life expectancy and sharp decrease in fertility rates. The purpose of this paper is to evaluate within a computable general equilibrium model the consequences of different reforms within an economy with two types of agents: unqualified ones facing unemployment and qualified ones. We show that a mixed reform with two instruments (introduction of a funded pension system and decreasing of benefits) is Pareto-improving in the long term, while damaging welfare distribution. Morerover, simultations show that the increase of the legal retirement age should be up to seven years.

Keywords: Overlapping generations model; Pay as-you-go pension system; ageing population; involuntary unemployment; Générations imbriquées; système de retraite; vieillissement de la population; chômage involontaire (search for similar items in EconPapers)
Date: 2007-03
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-00144652
References: View references in EconPapers View complete reference list from CitEc
Citations:

Published in 2007

Downloads: (external link)
https://shs.hal.science/halshs-00144652/document (application/pdf)

Related works:
Working Paper: Demographic Transition, Involuntary Unemployment and Intergenerational Redistribution: simulations in an AGEM framework (2007)
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:hal:journl:halshs-00144652

Access Statistics for this paper

More papers in Post-Print from HAL
Bibliographic data for series maintained by CCSD ().