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Preparation for old age in France: The roles of preferences and expectations

Author

Listed:
  • Bénédicte Apouey

    (PSE - Paris School of Economics - ENPC - École des Ponts ParisTech - ENS Paris - École normale supérieure - Paris - PSL - Université Paris sciences et lettres - UP1 - Université Paris 1 Panthéon-Sorbonne - CNRS - Centre National de la Recherche Scientifique - EHESS - École des hautes études en sciences sociales - 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 Paris - 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)

Abstract

This article assesses the roles of preferences and expectations on preparation for old age, employing unique data on French individuals aged 50+ . The data do not only contain information on the general feeling to prepare for old age and on specific preparation activities in various domains, but also on risk and time attitudes, family and social altruism, and expected disability and longevity. Half of the sample reports preparing for old age. Future orientation emerges as an important predictor of preparation. While risk attitudes and altruism also matter for preparation, their effect may be less systematic across outcomes than that of general future orientation. Individuals who expect to become disabled or to live longer are more likely to prepare for old age. Policies promoting healthy aging should include messages targeting present-oriented individuals and try to make people more future-oriented.

Suggested Citation

  • Bénédicte Apouey, 2018. "Preparation for old age in France: The roles of preferences and expectations," PSE-Ecole d'économie de Paris (Postprint) hal-01784315, HAL.
  • Handle: RePEc:hal:pseptp:hal-01784315
    DOI: 10.1016/j.jeoa.2017.11.003
    Note: View the original document on HAL open archive server: https://hal-pjse.archives-ouvertes.fr/hal-01784315
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    as
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    Cited by:

    1. Bénédicte Apouey, 2019. "Intérêt des adhérents d'une mutuelle pour des services utilisant leurs données personnelles dans le cadre de la médecine personnalisée," PSE Working Papers halshs-02295392, HAL.
    2. Bénédicte Apouey, 2019. "Inégalités socioéconomiques et conceptions subjectives du bien vieillir : Résultats d'une enquête quantitative," PSE Working Papers halshs-02093549, HAL.
    3. Bénédicte Apouey, 2020. "Conditions of Existence and Subjective Perceptions of Retirement: Quantitative Evidence from France," PSE Working Papers halshs-02908456, HAL.
    4. Bénédicte H. Apouey, 2018. "Les attentes en termes de services pour les seniors : le rôle de l’altruisme et de l’anticipation de la dépendance," Revue française d'économie, Presses de Sciences-Po, vol. 0(2), pages 15-74.

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    More about this item

    Keywords

    Preparation for old age ; Risk aversion; Time preference; Altruism; Expected longevity;
    All these keywords.

    JEL classification:

    • I10 - Health, Education, and Welfare - - Health - - - General
    • J26 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Retirement; Retirement Policies

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