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Systèmes de retraite et vieillissement

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Abstract

The retirement systems of industrialized countries must be adjusted, because of the increasing ratio of pensioners to workers, How? In a context where the government guarantees the social contract, we show that during the process of aging, the size of the retirement system develops in the following way: it first increases until reaching its maximum sustainable level, and then decreases. It increases first because aging increases the power of the pensioners within the retirement institution. It subsequently decreases because aging reduces the government's political ability to guarantee the debt of the retirement system within its budget.
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  • Gilles Le Garrec, 2005. "Systèmes de retraite et vieillissement," Documents de Travail de l'OFCE 2005-21, Observatoire Francais des Conjonctures Economiques (OFCE).
    • Handle: RePEc:fce:doctra:0521
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