Paris-jourdan Sciences Economiques
نویسندگان
چکیده
An unfunded Social Security system faces the major risk, sometimes referred to as ”political risk”, that future generations do not agree to contribute. In order to account properly for this risk, the paper considers a political process in which the support to the system is asked from each new born generation. The analysis is conducted in an overlapping generations economy that is subject to macro-economic shocks. As a consequence, the political support varies with the evolution of the economy. The impact of various factors -intra-generational redistribution, risk aversion, financial markets, governmental debton the political sustainability of a pay-asyou-go system is discussed.
منابع مشابه
Paris-jourdan Sciences Economiques
The point of this paper is to measure empirically the distribution of the commodity tax burden between consumers and producers. For that purpose, two French reforms are studied. These reforms are steep decreases of the VAT rate on housing repair services on the one hand, and on new car sales on the other hand, the last sector being far more concentrated. The consumer share of the commodity tax ...
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We study an economy where intermediaries compete over contracts in a nonexclusive insurance market affected by moral hazard. Our setting is the same as that developed in Bisin and Guaitoli [2004]. The present note provides a counterexample to the set of necessary conditions for high effort equilibria developed in Bisin and Guaitoli [2004] and suggests an alternative equilibrium characterization.
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From PSE Paris-Jourdan Sciences Economiques (L'École des Hautes Études en Sciences Sociales – École Normale Supérieure – École Nationale des Ponts et Chaussées – Centre National de la Recherche Scientifique), Paris, France (C.M.); University of Paris-Dauphine, France, and the Institute of Health Economics and Management, Lausanne, Switzerland (B.D.); AP-HP, Henri Mondor Hospital, Department of ...
متن کاملParis-jourdan Sciences Economiques
During the last twenty years, microsimulation models have been increasingly applied in qualitative and quantitative analysis of public policies. This paper provides a discussion on microsimulation techniques and their theoretical background as a tool for the analysis of public policies with particular attention to redistribution and social policies. Basic principles in using microsimulation mod...
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