Social security and economic integration
Résumé
This letter analyzes the impact of economic integration on capital accumulation and capital flows when countries differ in their social security systems. Funding and early retirement both foster capital accumulation relative to pay-as-you-go pensions with flexible retirement. When economies integrate, both imply capital outflow possibly resulting in utility losses.
Domaines
Economies et financesFormat du dépôt | Notice |
---|---|
Type de dépôt | Article dans une revue |
Titre |
en
Social security and economic integration
|
Résumé |
en
This letter analyzes the impact of economic integration on capital accumulation and capital flows when countries differ in their social security systems. Funding and early retirement both foster capital accumulation relative to pay-as-you-go pensions with flexible retirement. When economies integrate, both imply capital outflow possibly resulting in utility losses.
|
Auteur(s) |
Lionel Artige
1, 2
, Antoine Dedry
2, 1
, Pierre Pestieau
3, 4, 5, 6
1
Université de Liège
( 93075 )
- Place du 20-Août, 7 4000 Liège
- Belgique
2
CREPP -
Center of Research in Public Economics and Population Economics
( 143557 )
- Belgique
3
PSE -
Paris School of Economics
( 301309 )
- 48 boulevard Jourdan 75014 Paris
- France
4
PSE -
Paris-Jourdan Sciences Economiques
( 139754 )
- 48 boulevard Jourdan 75014 Paris
- France
5
CORE -
Center of Operation Research and Econometrics [Louvain]
( 48233 )
- 34, Voie du Roman Pays B-1348 Louvain-la-Neuve
- Belgique
6
CEPR -
Center for Economic Policy Research
( 143559 )
- Royaume-Uni
|
Langue du document |
Anglais
|
Nom de la revue |
|
Vulgarisation |
Non
|
Comité de lecture |
Oui
|
Audience |
Internationale
|
Date de publication |
2014-06
|
Volume |
123
|
Numéro |
3
|
Page/Identifiant |
318-322
|
Domaine(s) |
|
Mots-clés |
en
Economic union, Pension, Retirement age, Social security
|
DOI | 10.1016/j.econlet.2014.02.027 |
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