We examine the consequences of aging on wealth accumulation and growth in a simple overlapping-generations model. We show that, for some given sets of pension rules, aging is always beneficial for growth and development: lengthening the retirement period provides an incentive for saving more,...

We examine the consequences of aging on wealth accumulation and growth in a simple overlapping-generations model. We show that, for some given sets of pension rules, aging is always beneficial for growth and development : lengthening the retirement period provides an incentive for saving more,...

The computable approach to general-equilibrium analysis has greatly benefited from explicitly accounting for the time and generational dimensions. This paper offers a critical survey of one particular branch of applied modeling, namely the computable, overlapping-generations, general-equilibrium...

[eng] Tax reform in France: analysis and prospects Gael Dupont, Jacques Le Cacheux, Henri Sterdyniak et Vincent Touze The revenue side of the budget project for 2001 includes a planned reduction of taxation of a significant magnitude. This paper presents the major features of the plan and sets...