We study the dynamic consequences of the economic integration in a two-countries overlapping generation model where human capital accumulation is the engine of growth. Comparative advantage is endogenous and dynamic. We show that economic integration leads to a strengthening of the comparative...

[eng] We use a model based on the latest forecasts by the French Retirement Advisory Council (Conseil d’Orientation des Retraites : COR) at the moment when the study was carried out and a Bootstrap simulation of the rate of return on the financial portfolio of the French Pension Reserve Fund...