The French Pension Reforms and their Impact on Unemployed Older Workers

Kadija Charni

No 1602, AMSE Working Papers from Aix-Marseille School of Economics, France

Abstract: This paper analyzes labour market position of unemployed older individuals after the implementation of two major pension reforms in France. We use the French Force Labour Survey for the period 2003-2011 to assess the effects of the 2003 and the 2010 pension reforms on the exit rate from unemployment of individuals aged over 54. Using a difference-in-differences approach, we look at the effects of these reforms on the exit from unemployment to employment, and into inactivity. We find that the 2003 pension reform reduces significantly the exit to employment, while there is no significant impact of the pension reform on the exit to inactivity. For the 2010 reform, we show that the reform leads to an increase of the probability to go back to work. At the same time, the transition out of labour force through inactivity exit also rises. Unemployment and other social schemes are used as a bridge to retire early.

Keywords: Pension reforms; Unemployed older workers; Difference-in-differences estimation (search for similar items in EconPapers)
JEL-codes: J14 J24 J3 (search for similar items in EconPapers)
Pages: 40 pages
Date: 2016-01, Revised 2016-01
New Economics Papers: this item is included in nep-age, nep-eur and nep-lab
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Working Paper: The French Pension Reforms and their Impact on Unemployed Older Workers (2016)
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Persistent link: https://EconPapers.repec.org/RePEc:aim:wpaimx:1602

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