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This paper re-examines the effects of population aging and pension reforms in an OLG model with labor market frictions. The most important feature brought about by labor market frictions is the connection between the interest rate and the unemployment rate. Exogenous shocks (such as aging)...
Persistent link: https://www.econbiz.de/10009283379
paper presents some indicative quantifications of these three approaches for French pensions. It also gives some analytical … convenient when the question we are interested in is the question of long run sustainability, and not the question of prefunding …
Persistent link: https://www.econbiz.de/10008539979
the long-term impact, on pensions, of various post-crisis growth scenarios. …
Persistent link: https://www.econbiz.de/10008539981
The Destinie model is a dynamic microsimulation model whose main purpose is the long run projection of pensions both at …
Persistent link: https://www.econbiz.de/10008539989
Persistent link: https://www.econbiz.de/10005406560
Social Security provides insurance against idiosyncratic income risk but exposes workers to systematic risk because benefits are indexed to the evolution of aggregate earnings. I calibrate a life-cycle model to compare workers' certainty equivalent valuation of Social Security to its net present...
Persistent link: https://www.econbiz.de/10010503920
L'emploi informel, défini par l'absence de protection sociale basée sur l'emploi, constitue la majeure partie de l'emploi dans les pays en développement, et entraîne un niveau de vulnérabilité à la pauvreté et à d'autres risques qui sont supportés par tous ceux qui dépendent des...
Persistent link: https://www.econbiz.de/10012630528
sustainability if long-term interest rates rise. Bringing back public debt to 60% of GDP even by 2030 would require a fiscal effort …
Persistent link: https://www.econbiz.de/10012441809
pensions de réversion augmenteraient l’équité tout en générant des économies. Les performances du marché du travail pourraient …
Persistent link: https://www.econbiz.de/10012452661
Persistent link: https://www.econbiz.de/10009246774