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

Touria Jaaidane and Robert J. Gary-Bobo

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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.

Date: 2018-06
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Published in Journal of Institutional and Theoretical Economics, 2018, 170 (2), pp.245-277. ⟨10.1628/093245617X14930170168698⟩

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Related works:
Journal Article: 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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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-01744562

DOI: 10.1628/093245617X14930170168698

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