PESTIEAU, Pierre; PONTHIÈRE, Grégory; SATO, Motohiro - Center for Operations Research and Econometrics (CORE), … - 2006
This paper aims at investigating whether or not a utilitarian social planner should subsidize longevity-enhancing expenditures in an economy with a PAYG pension system. For that purpose, a simple two-period OLG model is developed, in which the length of the second period of life can be raised by...