The Evaluation of Pension Reforms in the Public Sector: A Case Study of the Paris Subway Drivers

Touria Jaaidane and Robert Gary-Bobo ()

Journal of Institutional and Theoretical Economics (JITE), 2018, vol. 174, issue 2, 245-277

Abstract: The actuarial cost of a worker, per year of service, is the expected discounted sum of net real wages and pension benefits earned by a worker over her life cycle, divided by the number of years of service. We show the possibility of reforms such that (i) the actuarial cost of a worker per year of service is reduced, (ii) the utility of workers does not decrease, and (iii) the pension fund deficits do not increase. We propose a quantitative analysis of the 2008 reform of the Paris Metro pensions as an illustration.

Keywords: pensions; pay as you go; defined benefits; reform; transportation workers; actuarial cost; public subsidies (search for similar items in EconPapers)
JEL-codes: H55 J26 J45 (search for similar items in EconPapers)
Date: 2018
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Related works:
Working Paper: The Evaluation of Pension Reforms in the Public Sector: A Case Study of the Paris Subway Drivers (2018)
Working Paper: The Evaluation of Pension Reforms in the Public Sector: A Case Study of the Paris Subway Drivers (2018)
Working Paper: The Evaluation of Pension Reforms in the Public Sector: A Case Study of the Paris Subway Drivers (2015)
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DOI: 10.1628/093245617X14930170168698

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