The Future of Public Pensions in the Seven Major Economies View Full Text


Ontology type: schema:Chapter     


Chapter Info

DATE

1997

AUTHORS

Thierry Chauveau , Rahim Loufir

ABSTRACT

We specify a computable general equilibrium model with overlapping generations allowing for variable life-expectancy, for studying the future of public pensions in the seven major economies. The main conclusions are: First, ageing of the population is a problem very similar from one developed country to another. Second, this problem is not so much worrying as is sometimes suggested and policies in which Pay-As-You-Go financing is maintained and the retirement age held constant are allowable. Third, there is no “one best social security policy”. Fourth, there is a trade-off between, on the one hand, lower interest rates and taxes, higher investment and output, and so on, and, on the other hand, a higher standard of living of the retired. Fifth, these results hold under the assumption of closed economies as well as under the polar assumption of small open economies. More... »

PAGES

16-73

Book

TITLE

Pension Policies and Public Debt in Dynamic CGE Models

ISBN

978-3-7908-0970-1
978-3-662-01660-2

Identifiers

URI

http://scigraph.springernature.com/pub.10.1007/978-3-662-01660-2_2

DOI

http://dx.doi.org/10.1007/978-3-662-01660-2_2

DIMENSIONS

https://app.dimensions.ai/details/publication/pub.1003234981


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