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[Pensions: What solidarity between generations?]
[Quelle Solidarité Entre Les Générations ?]

Author

Listed:
  • Gérard-François Dumont

    (ENeC - Espaces, Nature et Culture - UP4 - Université Paris-Sorbonne - CNRS - Centre National de la Recherche Scientifique)

Abstract

[To understand the fact that solidarity between generations is essential for pensions, Gérard-François Dumont presents a parable inspired by the story of Robinson Crusoe. It shows that it is always the case that assets reduce their purchasing power to release payments to pensioners, whether they are in a distribution or capitalization system. According to the author, "capitalization is a system of financial distribution; Distribution is a system of human capitalization".]

Suggested Citation

  • Gérard-François Dumont, 1991. "[Pensions: What solidarity between generations?] [Quelle Solidarité Entre Les Générations ?]," Post-Print halshs-01527673, HAL.
  • Handle: RePEc:hal:journl:halshs-01527673
    Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-01527673
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