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Pension reforms in Europe: An investigation with a computable OLG world model

Author

Listed:
  • Michel Aglietta

    (UPN - Université Paris Nanterre, CEPII - Centre d'Etudes Prospectives et d'Informations Internationales - Centre d'analyse stratégique)

  • Jean Chateau

    (CEPII - Centre d'Etudes Prospectives et d'Informations Internationales - Centre d'analyse stratégique)

  • Jacky Fayolle

    (IRES - Institut de recherches économiques et sociales)

  • Michel Juillard

    (UP8 - Université Paris 8 Vincennes-Saint-Denis, CEPREMAP - Centre pour la recherche économique et ses applications - ECO ENS-PSL - Département d'économie de l'ENS-PSL - ENS-PSL - École normale supérieure - Paris - PSL - Université Paris Sciences et Lettres)

  • Jacques Le Cacheux

    (OFCE - Observatoire français des conjonctures économiques (Sciences Po) - Sciences Po - Sciences Po, UPPA - Université de Pau et des Pays de l'Adour)

  • Gilles Le Garrec

    (OFCE - Observatoire français des conjonctures économiques (Sciences Po) - Sciences Po - Sciences Po)

  • Vincent Touzé

    (OFCE - Observatoire français des conjonctures économiques (Sciences Po) - Sciences Po - Sciences Po, IEP Lille - Sciences Po Lille - Institut d'études politiques de Lille)

Abstract
This paper presents and briefly discusses the INGENUE model, an international computable overlapping-generations model of the world economy. After a short description of the major features of the baseline scenario of the model for the world economy over the next century, we systematically explore the domestic and international macroeconomic consequences of three scenarios of pension reforms in Europe, as well as their intergenerational distributional effects. We then compare the outcomes in the INGENUE model with those obtained in similar models where Europe is treated either in autarky or as a small, open economy.

Suggested Citation

  • Michel Aglietta & Jean Chateau & Jacky Fayolle & Michel Juillard & Jacques Le Cacheux & Gilles Le Garrec & Vincent Touzé, 2007. "Pension reforms in Europe: An investigation with a computable OLG world model," SciencePo Working papers Main halshs-00754230, HAL.
    • Handle: RePEc:hal:spmain:halshs-00754230
    DOI: 10.1016/j.econmod.2006.11.001
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    References listed on IDEAS

    as
    1. Buiter, Willem H, 1981. "Time Preference and International Lending and Borrowing in an Overlapping-Generations Model," Journal of Political Economy, University of Chicago Press, vol. 89(4), pages 769-797, August.
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    6. Raffelhuschen, Bernd & Risa, Alf Erling, 1995. "Reforming social security in a small open economy," European Journal of Political Economy, Elsevier, vol. 11(3), pages 469-485, September.
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