Social security and growth in an aging economy: the case of acturial fairness

Gilles Le Garrec ()

Working Papers from HAL

Abstract: In many European countries, due to population aging, the switch from conventional unfunded public pension systems to notional systems character- ized by individual accounts is in debate. In this article, we develop an OLG model in which endogenous growth is based on an accumulation of knowledge driven by the proportion of skilled workers and the time they have spent to be trained. In such a framework, we show that conventional pension systems, contrary to notional systems, can enhance economic growth by linking bene- ts only to partial earnings history. Thus, considering economic growth, the optimal adjustment to aging could consist in increasing the size of existing retirement systems rather than switching to notional systems.

Keywords: social security; intertemporal choice; human capital (search for similar items in EconPapers)
Date: 2012-05
Note: View the original document on HAL open archive server: https://sciencespo.hal.science/hal-01070354
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://sciencespo.hal.science/hal-01070354/document (application/pdf)

Related works:
Working Paper: Social security and growth in an agin economy: the case of actuarial fairness (2012)
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:wpaper:hal-01070354

Access Statistics for this paper

More papers in Working Papers from HAL
Bibliographic data for series maintained by CCSD ().