Abstract

http://ssrn.com/abstract=2012291
 
 

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Scenarios for Global Ageing: An Investigation with the Ingenue 2 World Model


Michel Aglietta


affiliation not provided to SSRN

Vladimir Borgy


Banque de France

Jean Chateau


affiliation not provided to SSRN

Michel Juillard


CEPREMAP; University of Paris

Jacques Le Cacheux


Observatoire Français des Conjonctures Economiques (OFCE)

Gilles Le Garrec


Observatoire Français des Conjonctures Economiques (OFCE)

Vincent Touze


affiliation not provided to SSRN

July 1, 2005

ENEPRI Research Reports No. 9

Abstract:     
This paper explores the consequences of pension reforms in Western Europe in a world economy setting. Whereas various economic and social consequences of population ageing have been investigated in OECD countries, very few analyses have explicitly taken the worldwide aspect of the problem into account. In order to do so, this report relies on the latest version of the INGENUE World Model (2). This applied, international, overlapping-generations, general-equilibrium model of the world economy has been built specifically to analyze the international capital flows and growth dynamics induced by the different degrees of population ageing taking place in the various regions of the world. After a description of the major features of the baseline scenario of the model for the world economy over the next 50 years, the authors explore the domestic and international macroeconomic consequences of two scenarios of pension reform in Western Europe as well as their intergenerational distributional effects. These scenarios are then compared with a specific migration scenario, making use of the new features of the INGENUE 2 model.

Number of Pages in PDF File: 45

Keywords: global ageing, ageing, INGENUE 2 World Model, Western Europe, pension reform

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Date posted: February 28, 2012  

Suggested Citation

Aglietta, Michel and Borgy, Vladimir and Chateau, Jean and Juillard, Michel and Le Cacheux, Jacques and Le Garrec, Gilles and Touze, Vincent, Scenarios for Global Ageing: An Investigation with the Ingenue 2 World Model (July 1, 2005). ENEPRI Research Reports No. 9. Available at SSRN: http://ssrn.com/abstract=2012291 or http://dx.doi.org/10.2139/ssrn.2012291

Contact Information

Michel Aglietta (Contact Author)
affiliation not provided to SSRN ( email )
Vladimir Borgy
Banque de France ( email )
Paris
France
Jean Chateau
affiliation not provided to SSRN ( email )
Michel Juillard
CEPREMAP ( email )
Ecole Normale Superieure
48 boulevard Jourdan
75014 Paris
France
University of Paris ( email )
Paris
France
Jacques Le Cacheux
Observatoire Français des Conjonctures Economiques (OFCE) ( email )
69 Quai d'Orsay
Paris 75004
France
Gilles Le Garrec
Observatoire Français des Conjonctures Economiques (OFCE) ( email )
69 Quai d'Orsay
Paris 75004
France
Vincent Touze
affiliation not provided to SSRN ( email )
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Citations:  2

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