L’information sur les retraites modifie-t-elle les décisions d’emploi des seniors ?

Kadija Charni and Ilia Gouaref

Revue française d'économie, 2020, vol. XXXV, issue 3, 43-75

Abstract: This paper investigates how the reform of informing workers close to retirement about their pension contributions and their expected pension benefits affect their behavioural responses. Using a difference-in-difference strategy on a French panel dataset, we exploit the discontinuity in age cut-offs introduced by this measure to identify its impact on the labour market behaviour. We find that receiving letters about the pension mechanisms influence labour supply decisions’ workers in different ways. For individuals with long working careers, the retirement information changes their labour market decision by reducing their labour supply. This decline in labour supply translates into a higher economic inactivity exit. On the other hand, highly skilled workers tend to work longer in order to improve their income in retirement.

Date: 2020
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