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In this paper, we analyze the demographic and economic consequences of endogenous migrations flows over the coming decades in a multi-regions overlapping generations general equilibrium model (INGENUE 2) in which the world is divided in ten regions. Our analysis offers a global perspective on...
Persistent link: https://www.econbiz.de/10005464992
When studying redistributive attitudes, surveys show that individuals do care about fairness. They also show that the cultural environment in which individuals grow up affects their preferences about redistribution. In this article we include these two components of the demand for redistribution...
Persistent link: https://www.econbiz.de/10011265818
According to the standard economic approach, the level of redistribution in a democratic society is growing with the inequality of the income distribution. However, data do not support such a finding. In this article, we assert that the canonical model fails first in its basic assumption, the...
Persistent link: https://www.econbiz.de/10011082083
The future of the social security system is a big issue in industrial world. Population aging raises the question of the adjustment, or even the replacement of unfunded public pension schemes. The ratio between over-60-year-olds and the working age is expected to double between now and 2040, and...
Persistent link: https://www.econbiz.de/10011187170
In this paper, we analyze the consequences of endogenous migration flows over the coming decades in a dynamic general equilibrium model of the world economy. Such an approach has two major benefits. First, it offers a global perspective on the economic consequences of international migration...
Persistent link: https://www.econbiz.de/10010898160
The retirement systems of industrialized countries must be adjusted, because of the increasing ratio of pensioners to workers, How? In a context where the government guarantees the social contract, we show that during the process of aging, the size of the retirement system develops in the...
Persistent link: https://www.econbiz.de/10010898190
In many European countries, population aging had led to debate about a switch from conventional unfunded public pension systems to notional sys- tems characterized by individual accounts. In this article, we develop an overlapping generations model in which endogenous growth is based on an...
Persistent link: https://www.econbiz.de/10010903099
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