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

Chojnicki, Xavier; Rabesandratana, Paul Eliot

Document type :

Compte-rendu et recension critique d'ouvrage

DOI :

10.1111/roiw.12306

Title :

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

Author(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]

Journal title :

Review of Income and Wealth

Publisher :

Wiley

Publication date :

2017-08-02

ISSN :

0034-6586

HAL domain(s) :

Sciences de l'Homme et Société/Economies et finances

English abstract : [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 ...
Show more >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.Show less >

Language :

Anglais

Popular science :

Non

Collections :

Lille Économie Management (LEM) - UMR 9221

Source :

Harvested from HAL

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