Social Security and Retirement in France

35 Pages Posted: 21 Sep 2000 Last revised: 3 Apr 2022

See all articles by Didier Blanchet

Didier Blanchet

National Institute of Statistics and Economic Studies (INSEE)

Louis-Paul Pele

National Institute of Statistics and Economic Studies (INSEE)

Date Written: October 1997

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.

Suggested Citation

Blanchet, Didier and Pele, Louis-Paul, Social Security and Retirement in France (October 1997). NBER Working Paper No. w6214, Available at SSRN: https://ssrn.com/abstract=225972

Didier Blanchet (Contact Author)

National Institute of Statistics and Economic Studies (INSEE) ( email )

18, Boulevard Adolphe-Pinard
75675 Paris Cedex 14
France

Louis-Paul Pele

National Institute of Statistics and Economic Studies (INSEE)

18, Boulevard Adolphe-Pinard
75675 Paris Cedex 14
France

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