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hal.structure.identifier
dc.contributor.authorEl Mekkaoui de Freitas, Najat*
hal.structure.identifier
dc.contributor.authorOliveira Martins, Joaquim*
dc.date.accessioned2009-10-27T13:53:27Z
dc.date.available2009-10-27T13:53:27Z
dc.date.issued2008
dc.identifier.urihttps://basepub.dauphine.fr/handle/123456789/2343
dc.language.isoenen
dc.subjectLongevityen
dc.subjectPensionsen
dc.subjectSavingsen
dc.subjectAgeingen
dc.subjectConsumptionen
dc.subject.ddc334en
dc.subject.classificationjelC68en
dc.subject.classificationjelD91en
dc.subject.classificationjelG10en
dc.subject.classificationjelJ11en
dc.subject.classificationjelJ26en
dc.titleConsumption Structure, Welfare Goods and Retirement Income: Linking the Ageing Puzzlesen
dc.typeDocument de travail / Working paper
dc.description.abstractenWhile the empirical evidence tends to support some predictions of the life-cycle theory, a number of puzzles remain: an ageing-consumption, an ageing-saving, a saving-capitalisation and a saving-longevity puzzles have been put forward in the literature. This paper analyses the links between these puzzles and develops a model relating usual life-cycle variables, social transfers (public health care expenditures and the generosity of pension systems) to the level of savings. A reduced-form model using a panel of 18 OECD countries is tested, confirming the proposed explanations for the puzzles, together with other factors such as public deficits (Ricardian equivalence) and the population structure. We found that the relative generosity of welfare systems have a significant negative impact on household saving rate. It can also explain why the increase in longevity does not have had in general a positive impact on the household saving ratio.en
dc.publisher.nameUniversité Paris-Dauphine
dc.publisher.cityParis
dc.identifier.citationpages25en
dc.relation.ispartofseriestitleCahiers de la Chaire "Les Particuliers face au Risques"en
dc.relation.ispartofseriesnumber2008/2en
dc.description.sponsorshipprivateouien
dc.subject.ddclabelEconomie socialeen
hal.author.functionaut
hal.author.functionaut


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