Career Interruptions: how do they impact pension rights?
AbstractThe aim of this article is to analyze the question of career interruptions and to evaluate their impact on pension retirement for French private sector workers. Using the last French survey on households' wealth (2003-2004), we first study the career setbacks for individuals born between 1938 and 1948. We highlight the new trends in professional paths. The risk of unemployment and job flexibility has sharply risen. As a consequence, some cohorts appear to be more exposed to career interruptions. Second, we determine how pension rights for French employees are affected by different career accidents. We consider unemployment, part-time employment and inactivity periods. Our results show how, by compensating for some career accidents, the French legislation allows individuals to receive, in some cases, the same level of pension that they would have received with a smooth professional path.
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Bibliographic InfoPaper provided by HAL in its series Post-Print with number hal-00951830.
Date of creation: 2011
Date of revision:
Publication status: Published, The Geneva Papers on Risk and Insurance, 2011, 36, 3, 440-457
Note: View the original document on HAL open archive server: http://hal.archives-ouvertes.fr/hal-00951830
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Career interruption; Pensions; Social security;
Other versions of this item:
- Legendre, Bérangère & Mage-Bertomeu, Sabine & Briard, Karine & Duc, Cindy & El Mekkaoui de Freitas, Najat, 2011. "Career Interruptions : How Do They Impact Pension Rights ?," Economics Papers from University Paris Dauphine 123456789/7049, Paris Dauphine University.
- J22 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Time Allocation and Labor Supply
- D14 - Microeconomics - - Household Behavior - - - Household Saving; Personal Finance
- H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions
- E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution
- J26 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Retirement; Retirement Policies
- J32 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Nonwage Labor Costs and Benefits; Retirement Plans; Private Pensions
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