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Fonds de retraite : peut-on faire l’économie de la gestion de leur bilan ?

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  • Jean-François Boulier

Abstract

[fre] L'effort d'épargne des retraités est très substantiel, entre 10 et 20 % des revenus dans la phase la plus active. Malgré cela, dans le débat sur les fonds de pension en France, ce sont davantage des thèmes comme le besoin de fonds propres des entreprises ou encore le développement économique durable qui sont mis en avant. Pourtant, l'idée d'adossement de l'actif et du passif des fonds de pension a rapidement germé et plusieurs chercheurs et praticiens l'ont développée. Ce papier de synthèse vise à expliciter la démarche actif-passif des fonds de retraite et à l'illustrer dans les cas cardinaux que sont les régimes à prestations définies et ceux à cotisations définies. Quelques éléments de réflexion en matière de système mixte, catégorie à laquelle paraît appartenir le Fonds de réserve des retraites, le concluent. . Classification JEL : C23, H55, J26 [eng] The pension fund balance sheet . Pensioners' saving represents between 10 or 20% of their income during their active period. But the French debate on pension funds concerns only equity capital needed by firms or sustainable development. This article tries to explain the asset-liabilities reasoning of retirement funds. The author illustrates this reasoning in the fixed pension or fixed subscription regimes' framework. He concludes with some reflections about mixed systems like the French pension reserve fund. . JEL classification : C23, H55, J26

Suggested Citation

  • Jean-François Boulier, 2002. "Fonds de retraite : peut-on faire l’économie de la gestion de leur bilan ?," Revue d'Économie Financière, Programme National Persée, vol. 68(4), pages 257-267.
    • Handle: RePEc:prs:recofi:ecofi_0987-3368_2002_num_68_4_4781
    DOI: 10.3406/ecofi.2002.4781
    Note: DOI:10.3406/ecofi.2002.4781
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    References listed on IDEAS

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    1. Richard H. Thaler & Shlomo Benartzi, 2001. "Naive Diversification Strategies in Defined Contribution Saving Plans," American Economic Review, American Economic Association, vol. 91(1), pages 79-98, March.
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    More about this item

    JEL classification:

    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions
    • J26 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Retirement; Retirement Policies
    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions
    • J26 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Retirement; Retirement Policies

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