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Inégalités face à la mort et systèmes de retraite

Author

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  • Nicolas Drouhin

    (CES - Centre d'économie de la Sorbonne - UP1 - Université Paris 1 Panthéon-Sorbonne - CNRS - Centre National de la Recherche Scientifique)

Abstract

In a model of overlapping generation with uncertain lifetime, we show that "pay-as-you-go" social security implies transfers of wealth from the low life expectancy groups to the others. It also implies that the former may saturate their liquidity constraint, meaning loss of welfare for them. Separation of risks and introduction of fully founded social security improve the properties of "Pay-as-you-go" social security according to welfare and social justice.

Suggested Citation

  • Nicolas Drouhin, 2001. "Inégalités face à la mort et systèmes de retraite," Post-Print halshs-00760957, HAL.
    • Handle: RePEc:hal:journl:halshs-00760957
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    1. repec:dau:papers:123456789/2343 is not listed on IDEAS
    2. repec:dau:papers:123456789/8577 is not listed on IDEAS
    3. Christophe Hachon, 2009. "Who Really Benefits from Pension Systems ? When Life Expectancy Matters," Revue d'économie politique, Dalloz, vol. 119(4), pages 613-632.
    4. repec:dau:papers:123456789/9826 is not listed on IDEAS

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