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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.

Suggested Citation

  • Henri Sterdyniak, 2009. "Retraites : à la recherche de solutions miracles..," Revue de l'OFCE, Presses de Sciences-Po, vol. 0(2), pages 109-140.
  • Handle: RePEc:cai:reofsp:reof_109_0109
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    References listed on IDEAS

    as
    1. Gerard Cornilleau & Henri Sterdyniak & Guillaume Allegre & Jérôme Creel & Sarah Guillou & Sandrine Levasseur & Catherine Mathieu & Frédéric Reynès & Elena Stancanelli & Vincent Touze, 2008. "Emploi des seniors : les leçons des pays de réussite," Sciences Po publications info:hdl:2441/6405, Sciences Po.
    2. Jean-Olivier Hairault & François Langot & Thepthida Sopraseuth, 2008. "Pour une retraite choisie. L'emploi des séniors," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00311096, HAL.
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    More about this item

    Keywords

    pension system reforms; older workers' employment;

    JEL classification:

    • J26 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Retirement; Retirement Policies
    • H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions

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