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Social Security and Retirement in France

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Author Info
Didier Blanchet
Louis-Paul Pele

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Abstract

Among numerous retirement schemes in France, the Social Security general regime" covers all wage earners from the private sector, about 65% of workers. In this regime are eligible for a full pension at 65, or between 60 and 65 if they contributed to the regime for at" least 37.5 years. For people between 60 and 65 who do not fulfill this condition still possible but with a downward adjustment of benefits. Our computations show that early" retirement adjustment rules give strong incentives to go on working until being eligible for a full" pension, even if mandatory complementary schemes soften incentives, especially for executives." These results are consistent with empirical hazard rates, showing two spikes at 60 and 65 with the change in the retirement age induced by the 1983 reform.

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Paper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number 6214.

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Date of creation: Oct 1997
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Handle: RePEc:nbr:nberwo:6214

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  1. Luís Eduardo Afonso & Adriana Schor, 2001. "oferta de Trabalho dos Indivíduos com Idade Superior a 50 Anos: Algumas Características da Década de 90," Anais do XXIX Encontro Nacional de Economia [Proceedings of the 29th Brazilian Economics Meeting] 092, ANPEC - Associação Nacional dos Centros de Pósgraduação em Economia [Brazilian Association of Graduate Programs in Economics]. [Downloadable!]
  2. Casey B. Mulligan & Xavier Sala-i-Martin, 2003. "Repeated Games with Observation Costs," Discussion Papers 0203-16, Columbia University, Department of Economics. [Downloadable!]
  3. Casey B. Mulligan & Xavier Sala-i-Martín, 2003. "Social Security, Retirement, and the Single-Mindedness of the Electorate," Economics Working Papers 686, Department of Economics and Business, Universitat Pompeu Fabra. [Downloadable!]
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  4. Michele Belloni & Rob Alessie, 2008. "The Importance of Financial Incentives on Retirement Choices," Tinbergen Institute Discussion Papers 08-052/3, Tinbergen Institute. [Downloadable!]
  5. Casey B. Mulligan & Xavier Sala-i-Martin, 2002. "Social Security in theory and practice wth implications for reform," Discussion Papers 0203-01, Columbia University, Department of Economics. [Downloadable!]
  6. Richard Johnson, 2001. "Effects of old-age insurance on female retirement : evidence from cross-country time-series data," Research Working Paper RWP 01-08, Federal Reserve Bank of Kansas City. [Downloadable!]
  7. Christophe Kolodziejczyk, 2006. "Retirement and Fixed Costs to Work: An Empirical Analysis," CAM Working Papers 2006-09, University of Copenhagen. Department of Economics. Centre for Applied Microeconometrics. [Downloadable!]
  8. repec:bep:eapadv:v:4:y:2004:i:1:p:1067-1067 is not listed on IDEAS
  9. Axel Börsch-Supan & Jens Köke & Joachim Winter, 2004. "Pension reform, savings behavior and capital market performance," MEA discussion paper series 04053, Mannheim Research Institute for the Economics of Aging (MEA), University of Mannheim. [Downloadable!]
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  10. Casey B. Mulligan & Xavier Sala-i-Martin, 1999. "Social Security in Theory and Practice (I): Facts and Political Theories," NBER Working Papers 7118, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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  11. Jean-Olivier Hairault & François Langot & Thepthida Sopraseuth, 2007. "Les effets à rebours de l'âge de la retraite sur le taux d'emploi des seniors," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00178447_v1, HAL. [Downloadable!]
  12. Raquel Fonseca & Thepthida Sopraseuth, 2005. "Welfare Effects of Social Security Reforms Across Europe : the Case of France and Italy," CSEF Working Papers 138, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy. [Downloadable!]
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  13. Casey B. Mulligan & Xavier Sala-i-Martin, 1999. "Gerontocracy, Retirement, and Social Security," Economics Working Papers 383, Department of Economics and Business, Universitat Pompeu Fabra. [Downloadable!]
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  14. Bhattacharya, Joydeep & Reed, Rob, 2003. "Age-Specific Employment Policies," Staff General Research Papers 10256, Iowa State University, Department of Economics. [Downloadable!]
  15. Casey B. Mulligan & Xavier Sala-i-Martin, 1999. "Social Security in Theory and Practice (II): Efficiency Theories, Narrative Theories, and Implications for Reform," Economics Working Papers 385, Department of Economics and Business, Universitat Pompeu Fabra. [Downloadable!]
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  16. Odile Chagny & Jörg Döpke & Mathieu Plane & Rainer Schmidt, 2001. "Labour Supply and Labour Force Participation in Europe — A Discussion of Some Recent Developments and Projections," Kiel Working Papers 1049, Kiel Institute for the World Economy. [Downloadable!]
  17. Axel Borsch-Supan, 1998. "Incentive Effects of Social Security on Labor Force Participation: Evidence in Germany and Across Europe," NBER Working Papers 6780, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  18. Hairault, Jean-Olivier & Langot, François & Sopraseuth, Thepthida, 2005. "A Quantitative Investigation of the Laffer Curve on the Continued Work Tax: The French Case," IZA Discussion Papers 1499, Institute for the Study of Labor (IZA). [Downloadable!]
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