Aging, Human Capital, and Productivity in France: A Generational Accounting Perspective

Chojnicki, Xavier; Rabesandratana, Paul Eliot

Type de document :

Compte-rendu et recension critique d'ouvrage

DOI :

10.1111/roiw.12306

Titre :

Aging, Human Capital, and Productivity in France: A Generational Accounting Perspective

Auteur(s) :

Chojnicki, Xavier [Auteur]

Lille économie management - UMR 9221 [LEM]
Economie Quantitative, Intégration, Politiques Publiques et Econométrie [EQUIPPE]
Rabesandratana, Paul Eliot [Auteur]
Lille économie management - UMR 9221 [LEM]

Titre de la revue :

Review of Income and Wealth

Éditeur :

Wiley

Date de publication :

2017-08-02

ISSN :

0034-6586

Discipline(s) HAL :

Sciences de l'Homme et Société/Economies et finances

Résumé en anglais : [en]

The aim of this paper is to highlight the potential productivity gains resulting from improvements in the (i) educational attainment and (ii) health status of the working‐age population. For that purpose, we develop a ...
Lire la suite >The aim of this paper is to highlight the potential productivity gains resulting from improvements in the (i) educational attainment and (ii) health status of the working‐age population. For that purpose, we develop a Generational Accounting Model applied to the French economy. Using the conventional methodology of generational accounting, we first estimate the adjustments that will be necessary to ensure the sustainability of French fiscal policy in the long term under the assumption that individual taxes and transfers grow at the same rate as labor productivity. However, this assumption does not account for the explicit determinants of individual productivity. Therefore, we then explain how productivity growth is partly due to the French population's skill level and its health level, which is approximated by the survival rate of adults. We estimate that the increased educational attainment and improved adult survival rate in France generate potentially important productivity gains that could significantly challenge the weight of the burden induced by aging. Therefore, we estimate that this change could reduce the tax burden bequeathed to future generations by 79 percent. Our results are robust to the main assumptions.Lire moins >

Langue :

Anglais

Vulgarisation :

Non

Collections :

Lille Économie Management (LEM) - UMR 9221

Source :

Harvested from HAL

Aging, Human Capital, and Productivity in ... BibTeX CSV Excel RIS

Aging, Human Capital, and Productivity in ...

BibTeX

CSV

Excel

RIS