Two social security schemes are compared in the long run, one based on a basic income and on the other on unemployment benefits. The analysis is carried out in an overlapping generations model in which agents have to decide whether to become skilled or remain unskilled, and how much time to...

In this paper we aim to understand how unemployment benefits may affect investment in education when the latter is characterized by uncertain returns. This is done in an overlapping generations model in which endogenous growth is introduced through human capital accumulation. We develop a...

To cope with the observed drop in fertility, four policy options are generally considered : lowering pension benefits, increasing social security contributions, postponing retirement, and reducing public debt in advance. To assess the respective merits of these options, we analyze the optimal...