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Old age pensions, demography and economic growth in the long run: the French case revisited
Altersrenten, Demographie und langfristiges Wirtschaftswachstum: der Fall Frankreich neu besucht
[journal article]
Abstract "This paper analyses the evolution of the French pension system from the mid-nineteenth century to the current period. Competing or complementary hypotheses that can explain the long-run rise in pension expenditure are discussed. The determinants that appear to offer the best explanation for the evo... view more
"This paper analyses the evolution of the French pension system from the mid-nineteenth century to the current period. Competing or complementary hypotheses that can explain the long-run rise in pension expenditure are discussed. The determinants that appear to offer the best explanation for the evolution of pension expenditure are economic growth, the process of industrialization and ageing. The time series related to these determinants are cointegrated over the long run. A multivariate model is estimated in order to assess the long-run elasticities between the pension expenditure and its main determinants." (author's abstract)... view less
Keywords
retirement pension; elderly; demography; economic growth; France; pension insurance; nineteenth century; twentieth century; industrialization; aging; time series; multivariate analysis; model; expenditures; determinants
Classification
Social Security
Population Studies, Sociology of Population
Economic Policy
Method
applied research; descriptive study
Document language
English
Publication Year
2012
Page/Pages
p. 327-347
Journal
Historical Social Research, 37 (2012) 4
DOI
https://doi.org/10.12759/hsr.37.2012.4.327-347
ISSN
0172-6404
Status
Published Version; peer reviewed