Journal of Population Economics

, Volume 23, Issue 2, pp 825–831 | Cite as

Do Beveridgian pension systems increase growth?

  • Christophe Hachon
Original Paper


In this paper, we explain why the structure of pension systems has an impact on the growth rate of an economy. Using a capital accumulation model, we show that the more a pension system is Beveridgian, the higher the growth rate of the economy is.


Pensions system Bismarckian Beveridgian Capital 

JEL Classification




I thank A. d’Autume, A. Cigno, H. Cremer, N. Drouhin, F. Terrier-Hachon, and an anonymous referee for their helpful remarks.


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Copyright information

© Springer-Verlag 2009

Authors and Affiliations

  1. 1.Paris School of Economics, CESUniversity Paris 1 Panthéon-SorbonneParisFrance

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