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Retraites : à la recherche de solutions miracles..

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  • Henri Sterdyniak

Abstract

The article discusses two recent reform proposals of the French pension system. Piketty and Bozio suggest the introduction of a unified system of individual notional accounts. This system would be automatically in balance, although at the cost of a dramatic fall in pensions? levels, which would widen as people live longer. Hairault et al. advocate for postponing the retirement age through substantial financial incentives. Both proposals claim they increase the free choice of retirement age and ensure actuarial neutrality, but they do not account for differences in 60 year-old workers? employability and life expectancy. In basing pensions? levels on individual choices, the proposals would free the Society and companies of their current responsibilities: ensuring living standards parity between pensioners and workers, ensuring a decent pension to all workers that firms do not want to hire anymore. JEL classification: J26, H55.

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Bibliographic Info

Article provided by Presses de Sciences-Po in its journal Revue de l'OFCE.

Volume (Year): n° 109 (2009)
Issue (Month): 2 ()
Pages: 109-140

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Handle: RePEc:cai:reofsp:reof_109_0109

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Web page: http://www.cairn.info/revue-de-l-ofce.htm

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Keywords: pension system reforms; older workers' employment;

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  1. Bozio, Antoine & Piketty, Thomas, 2008. "Pour un nouveau système de retraite : des comptes individuels de cotisations financés par répartition," Opuscules du CEPREMAP, CEPREMAP, number 14, May.
  2. repec:hal:cesptp:halshs-00178447 is not listed on IDEAS
  3. Hairault, Jean-Olivier & Langot, François & Sopraseuth, Thepthida, 2008. "Pour une retraite choisie : l'emploi des seniors," Opuscules du CEPREMAP, CEPREMAP, number 12, May.
  4. Jean-Olivier Hairault & François Langot & Thepthida Sopraseuth, 2009. "Le faible taux d'emploi des seniors," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-00517121, HAL.
  5. Hairault, Jean-Olivier & Langot, François & Sopraseuth, Thepthida, 2005. "Les effets à rebours de l'âge de la retraite sur le taux d'emploi des seniors," CEPREMAP Working Papers (Docweb) 0513, CEPREMAP.
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