Individual Private Retirement Insurances: holding behaviours among pensioners

Najat El Mekkaoui (), Bérangère Legendre () and Gordon Clark ()
Additional contact information
Gordon Clark: University of Oxford

Post-Print from HAL

Abstract: In the current context of demographic pressures, reforms of PAYG pension systems increase the extent to which individuals are responsible for their own retirement planning. The French pension system offered high replacement rates. The population used to consider that the State scheme had to provide them with an adequat level of pension. In 2003, the pension reform implemented individual and professional pension plans. These retirement savings contracts are not well developed. However, we observed that individuals prefer contracting life endowment contracts, which are long term savings supports, to prepare retirement. Using econometric specifications, we intend to put into perspective the households and individual characteristics which explain the holding behaviours of life endowment contracts and retirement savings plans. We conclude that the highest professional categories and the most educated individuals hold more frequently and simultanesously both types of contracts.

Date: 2013
Note: View the original document on HAL open archive server: https://hal.science/hal-00951881
References: View references in EconPapers View complete reference list from CitEc
Citations:

Published in Economics Bulletin, 2013, 33 (1), pp.812-827

Downloads: (external link)
https://hal.science/hal-00951881/document (application/pdf)

Related works:
Journal Article: Individual Private Retirement Insurances: holding behaviours among pensioners (2013)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-00951881

Access Statistics for this paper

More papers in Post-Print from HAL
Bibliographic data for series maintained by CCSD ().