The Emergence of Solidarity Employee Savings in France

Aude d'Andria

A chapter in Recent Developments in Alternative Finance: Empirical Assessments and Economic Implications, 2012, pp 197-211 from Emerald Group Publishing Limited

Abstract: The market for solidarity employee savings remains under most people's radar in France, but targeting a new audience of employee savers it has progressed steadily in recent years. The solidarity employee savings works on the same mechanisms of employee savings ‘classic’, while allowing employees, through a part of their investments, to help solidarity activities. Since 1 January 2010, it is mandatory that French employees be offered a solidarity savings fund in which they can invest assorted company savings plans (French acronym ‘PEE’ for plans épargne entreprise) or group retirement savings plans (French acronym ‘PERCO’ for plan épargne retraite collective). In this way, French legislators have created a wealth of around 12.3 million employees in solidarity employee savings, hence the value of understanding this emerging phenomenon and ascertaining its compatibility with employee savings.

Keywords: Employee savings; solidarity employee savings; Solidarity finance (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:eme:isetez:s1571-0386(2012)0000022015

DOI: 10.1108/S1571-0386(2012)0000022015

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