Oliveira Martins, Joaquim; El Mekkaoui de Freitas, Najat - Université Paris-Dauphine (Paris IX) - 2014
This paper analyses the impact of health, pension systems and longevity on savings. It uses a simple life-cycle model … embodying social transfers (health care and pension expenditures) and changes in longevity to determine the level of household … of view of incentive to save, health transfers have a similar impact as pension replacement rates. Therefore, welfare …