Seventieth Anniversary of Population

Pensions past and present : same equation, new constraints

Didier Blanchet  By the same author


A notable characteristic of the pension issue is the extreme simplicity of the underlying accounting equation, the one which describes the relationship between three parameters: retirement age, contribution rates and the relative level of pensions. The text published in 1946 by Paul Vincent is by no means obsolete in this respect; the terms he uses to describe this equation could well be found, practically (…)