We argue that economic and demographic factors play a relatively small role in the old-age
crisis; political factors are far more important. A benevolent social planner can address the …

Most public pension systems failed to build pension funds, even when it was clear that the
benefits the systems were paying could not be sustained in the long run. I argue in this …

L'objectif de cet article est d'expliquer, dans le contexte actuel de vieillissement de la
population, pourquoi les retraités arrivent à maintenir des niveaux de retraite élevés …

Life expectancy and fertility rates are the key factors of ageing populations in the world. The
likely evolutions of these factors suggest an inescapable rise in the share of elderly people …

Le ralentissement de la croissance économique et le vieillissement démographique
expliquent que l'on s' interroge sur l'avenir de retraites fondées sur la répartition. L'objet de …

We model how a Beveridgean pay0as0you0go pension system may be supported by a
majority of heterogeneous voters in a general equilibrium OLG model. The introduction of …

The french minimum income (RMI) remains stable in real terme since its creation in 1988,
but was depreciated in relation to law wages and particularly to minimum wage (the Smic) …