Assessment of 3 reforms of the pension system for private wage earners with the microsimulation model Destinie
AbstractThe microsimulation model Destinie developed at INSEE projects the evolution of a representative sample of the French population up to 2040. It thus proves very useful to assess the effect of pension schemes reforms in the private sector on participation behaviour and financial balances. The paper is organized as follows. A first section details the main characteristics of the model. A second section describes the situation of pensioners of successive cohorts : retirement age, distribution of contribution periods, mean level of pensions. A last section studies the consequences of 3 pension scheme reforms in the private sector: increase by 2.5 years of the contribution period necessary to get the full rate of pension ; possibility for wage earners cumulating more than 40 years of contribution at 58 to claim their pension benefits ; change in the revaluation rules of pension.
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Bibliographic InfoPaper provided by Institut National de la Statistique et des Etudes Economiques, DESE in its series Documents de Travail de la DESE - Working Papers of the DESE with number g2002-07.
Date of creation: 2002
Date of revision:
Retirement; microsimulation; participation;
Find related papers by JEL classification:
- 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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- Burtless, Gary, 1986. "Social Security, Unanticipated Benefit Increases, and the Timing of Retirement," Review of Economic Studies, Wiley Blackwell, vol. 53(5), pages 781-805, October.
- Sveinbjörn Blöndal & Stefano Scarpetta, 1999. "The Retirement Decision in OECD Countries," OECD Economics Department Working Papers 202, OECD Publishing.
- Ronan Mahieu & Didier Blanchet, 2004. "Estimating Models of Retirement Behavior on French Data," NBER Chapters, in: Social Security Programs and Retirement around the World: Micro-Estimation, pages 235-284 National Bureau of Economic Research, Inc.
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