Financing the Consumptionof the Young and Old in France

Hippolyte d'Albis, Carole Bonnet, Xavier Chojnicki, Najat El Mekkaoui (), Angela Greulich (), Jérôme Hubert and Julien Navaux
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Angela Greulich: CES - Centre d'économie de la Sorbonne - UP1 - Université Paris 1 Panthéon-Sorbonne - CNRS - Centre National de la Recherche Scientifique
Julien Navaux: University of Ottawa [Ottawa]

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Abstract: A better understanding of the resource allocation across ages is fundamentalto put in place welfare reforms in the context of population ageing.In times of major demographic change, the redistribution of resourcesbetween age groups and the funding of the economically inactive aged remainsa recurring topic of public debate and a major public policy concern inOECD countries. Governments search for a policy mix that will improve thequality of life of the elderly, while at the same time investing in the futureof the young and reducing the fiscal burden on the working population.Life expectancy and education requirements are increasing while budgetconstraints are tightening. This potentially creates tension in the allocationof resources between age groups (Preston 1984; Lee and Mason 2011a).By applying the methodology of National Transfer Accounts (NTA),this article analyzes for France (1) how the funding of consumption (publicand private) is secured at each age; (2) how the funding of consumptionhas changed over recent decades; and (3) how the consumption is financedcompared to that of other countries (China, Germany, Japan, Sweden,United Kingdom, and United States). We consider three sources for financingconsumption: the State (net transfers and in-kind services), individualsthemselves (income and assets), and families (inter vivos transfers, excludingbequests, following the NTA methodology) (United Nations 2013b).

Keywords: National Transfer Accounts; Private and Public Consumption; Inter-Generational Equity; Generational Economy (search for similar items in EconPapers)
Date: 2019-03
New Economics Papers: this item is included in nep-age and nep-dem
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-02076546
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Citations: View citations in EconPapers (5)

Published in Population and Development Review, 2019, 45 (1), pp.103-132. ⟨10.1111/padr.12204⟩

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Journal Article: Financing the Consumption of the Young and Old in France (2019)
Working Paper: Financing the Consumptionof the Young and Old in France (2019)
Working Paper: Financing the Consumptionof the Young and Old in France (2019)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:pseptp:halshs-02076546

DOI: 10.1111/padr.12204

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