Résumé
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.
Mots-clés
Economic union; Pension; Retirement age; Social security;
Codes JEL
- F42: International Policy Coordination and Transmission
- H2: Taxation, Subsidies, and Revenue
- J26: Retirement • Retirement Policies
Référence
L. Artige, A. Dedry et Pierre Pestieau, « Social security and economic integration », Economics Letters, Elsevier, vol. 123, n° 3, juin 2014, p. 318–322.
Voir aussi
Publié dans
Economics Letters, Elsevier, vol. 123, n° 3, juin 2014, p. 318–322