Garrec, Gilles Le - In: Recherches économiques de Louvain 71 (2005) 3, pp. 345-358
<marquage typemarq="gras"/> We study in an OLG model the key role of the government in the survival of the pay-as-you-go retirement systems. We show that retirement systems with strong contribution rate, as observed in Europe, are long-term viable only if a sufficient part of the rights accumulated by the pensioners when...
