Social security and economic integration

Article dans une revue: 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, Antoine Dedry, Pierre Pestieau

Revue
  • Economics Letters
Date de publication
  • 2014
Mots-clés
  • Economic union
  • Pension
  • Retirement age
  • Social security
Pages
  • 318-322
Version
  • 1
Volume
  • 123