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Does the Right to Information on their Pension Introduced by the 2003 Reform Make the French Better Informed and Less Concerned about their Future Pension?

Author

Listed:
  • Luc Arrondel

    (PSE - Paris School of Economics - UP1 - Université Paris 1 Panthéon-Sorbonne - ENS-PSL - École normale supérieure - Paris - PSL - Université Paris sciences et lettres - EHESS - École des hautes études en sciences sociales - ENPC - École des Ponts ParisTech - CNRS - Centre National de la Recherche Scientifique - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement, PJSE - Paris Jourdan Sciences Economiques - UP1 - Université Paris 1 Panthéon-Sorbonne - ENS-PSL - École normale supérieure - Paris - PSL - Université Paris sciences et lettres - EHESS - École des hautes études en sciences sociales - ENPC - École des Ponts ParisTech - CNRS - Centre National de la Recherche Scientifique - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement)

  • Loïc Gautier

    (CDC - Caisse des dépôts et consignations (France))

  • Aurélie Lemonnier

    (CDC - Caisse des dépôts et consignations (France))

  • Laurent Soulat

    (CDC - Caisse des dépôts et consignations (France))

Abstract

We study the impact of the policy of sending policyholders personalised information regarding their pension, which was introduced by the 2003 reform (the right to information, Droit à l'information – DAI), on improving their knowledge of their pension entitlements and on the changes in their level of concern regarding their future pension amount. By using data from the 2012 and 2020 waves of the PAT€R survey, we show that knowledge of pension entitlements improved and that concern regarding pension amounts fell between 2012 and 2020. The impact of sending information as part of the DAI is difficult to isolate from the impact of the change in the general context between 2012 and 2020. However, the results obtained suggest that the first documents sent under the DAI policy have a slight positive effect on knowledge and an indirect impact on reducing concern by improving knowledge.

Suggested Citation

  • Luc Arrondel & Loïc Gautier & Aurélie Lemonnier & Laurent Soulat, 2023. "Does the Right to Information on their Pension Introduced by the 2003 Reform Make the French Better Informed and Less Concerned about their Future Pension?," Post-Print halshs-04208493, HAL.
    • Handle: RePEc:hal:journl:halshs-04208493
    DOI: 10.24187/ecostat.2023.538.2093
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    References listed on IDEAS

    as
    1. Annamaria Lusardi & Olivia S. Mitchell, 2014. "The Economic Importance of Financial Literacy: Theory and Evidence," Journal of Economic Literature, American Economic Association, vol. 52(1), pages 5-44, March.
    2. Lusardi, Annamaria (ed.), 2009. "Overcoming the Saving Slump," University of Chicago Press Economics Books, University of Chicago Press, number 9780226497099, April.
    3. Müller, Stephan & Rau, Holger A., 2021. "Economic preferences and compliance in the social stress test of the COVID-19 crisis," Journal of Public Economics, Elsevier, vol. 194(C).
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    More about this item

    Keywords

    Retirement; Provision of information; Financial literacy; Pension expectations;
    All these keywords.

    JEL classification:

    • H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions
    • I20 - Health, Education, and Welfare - - Education - - - General
    • J26 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Retirement; Retirement Policies

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