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Constitution d'un revenu complémentaire de retraite : quels sont les facteurs déterminants?

Author

Listed:
  • Najat El Mekkaouide Freitas

    (Université Paris Dauphine-PSL - PSL - Université Paris Sciences et Lettres, LEDA-DIAL - Développement, Institutions et Mondialisation - LEDa - Laboratoire d'Economie de Dauphine - IRD - Institut de Recherche pour le Développement - Université Paris Dauphine-PSL - PSL - Université Paris Sciences et Lettres - CNRS - Centre National de la Recherche Scientifique, University of Oxford, Netspar)

  • Bérangère Legendre

    (IREGE - Institut de Recherche en Gestion et en Economie - USMB [Université de Savoie] [Université de Chambéry] - Université Savoie Mont Blanc)

Abstract

Quels sont les facteurs déterminants de la détention de produits d'épargne de long terme par les ménages dans une optique de financement complémentaire de la retraite ? Une analyse économétrique des taux de détention des produits d'épargne retraite et d'assurance vie à partir des données de la dernière enquête Patrimoine donne quelques éléments de réponse. Cette enquête intègre en effet les nouveaux produits d'épargne spécifiquement dédiés au financement complémentaire de la retraite mis en place à la suite de la réforme du système de retraite de 2003. Nous montrons à l'aide de modèles de décision (probits bivariés) que les détentions d'assurances vie et d'épargne retraite sont complémentaires et guidées par les mêmes facteurs. L'âge et la composition du ménage restent des déterminants primordiaux des comportements de détention : les plus jeunes contractent moins fréquemment ce type de produits, tandis que les couples ont un motif supplémentaire pour constituer une épargne à long terme : la protection du conjoint survivant. Les travailleurs indépendants, qu'ils soient encore en activité ou non, souscrivent également plus fréquemment que les salariés du secteur privé à des produits d'épargne mobilisables pour le financement de la retraite. Par ailleurs, après contrôle du niveau de vie du ménage d'appartenance, ne pas être diplômé démontre un impact significatif et négatif relativement important sur la détention d'assurances vie et de contrats d'épargne retraite : cela accroît la probabilité de ne détenir aucun produit d'épargne mobilisable pour la retraite de près de 8 %. Dans ce contexte, le dispositif d'information retraite, en tant que complément à l'éducation économique et financière de base, pourrait s'avérer un outil efficace pour inciter à la détention d'assurance vie pour motif retraite et d'épargne retraite.

Suggested Citation

  • Najat El Mekkaouide Freitas & Bérangère Legendre, 2014. "Constitution d'un revenu complémentaire de retraite : quels sont les facteurs déterminants?," Post-Print hal-05528715, HAL.
    • Handle: RePEc:hal:journl:hal-05528715
    Note: View the original document on HAL open archive server: https://insee.hal.science/hal-05528715v1
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