In this paper, we investigate the interactions between public debt and transfer policies in a framework based on Floden [2001], that we extend to allow for transitional dynamics between steady states. First, we show that, starting from a high level of public debt, it is possible to implement a...

A life-cycle consumption model is developed and calibrated using French data. We focus on several assumptions regarding the saving decision which allow the model to display wealth statistics close to the empirical French distribution of wealth. To do so, six income classes are included, which...

In this study, we ask whether the presence of precautionary savings substantially reduces the optimal replacement rate in an European economy type characterized by high unemployment benefits and moral hazard. We build a simple job search model calibrated on French data and, in line with previous...

[fre] Jean-Yves Hénin, Thomas Weitzenblum Eléments d'évaluation de la réforme des retraites. Ce travail est consacré à une évaluation des coûts et avantages de différents scénarios de réforme des retraites. Il considère tant les stratégies d'ajustement des prestations : —...

[eng] Freedom of Choice in the Time-Income Curve Context: A Quantification Test, . by Jérôme Wittwer.. . The freedom of choice available to an agent in the time-income context appears to provide a more convincing definition of the standard of living than classic definitions. By extending a...

[eng] Development of the Cost of Children with the Household Budget: Some Results, . by Jérôme Wittwer.. . The cost of children, such as it is perceived by traditionally estimated equivalence scales, is supposed not to be dependent on the standard of living of households (aside from via the...