Social security and economic integration

Lionel Artige, Antoine Dedry and Pierre Pestieau
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Lionel Artige: ULiège - Université de Liège = University of Liège = Universiteit van Luik = Universität Lüttich, CREPP - Center of Research in Public Economics and Population Economics - ULiège - Université de Liège = University of Liège = Universiteit van Luik = Universität Lüttich
Antoine Dedry: CREPP - Center of Research in Public Economics and Population Economics - ULiège - Université de Liège = University of Liège = Universiteit van Luik = Universität Lüttich, ULiège - Université de Liège = University of Liège = Universiteit van Luik = Universität Lüttich

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Abstract: This letter analyzes the impact of economic integration on capital accumulation and capital flows when countries differ in their social security systems. Funding and early retirement both foster capital accumulation relative to pay-as-you-go pensions with flexible retirement. When economies integrate, both imply capital outflow possibly resulting in utility losses.

Keywords: Economic union; Pension; Retirement age; Social security (search for similar items in EconPapers)
Date: 2014-06
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Published in Economics Letters, 2014, 123 (3), pp.318-322. ⟨10.1016/j.econlet.2014.02.027⟩

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Related works:
Journal Article: Social security and economic integration (2014)
Working Paper: Social security and economic integration (2014)
Working Paper: Social security and ecoomic integration (2014)
Working Paper: Social security and economic integration (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:pseptp:halshs-01157451

DOI: 10.1016/j.econlet.2014.02.027

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