Reforming the French Pension System: Social Choices and Policy Challenges

Henri Sterdyniak ()

Post-Print from HAL

Abstract: The French pension system is a public, pay-as-you-go, generous system. The need for a reform started to be debated in 1990. Two extreme solutions were rejected: financing rising expenditure through higher social contributions, and cutting significantly public pensions while promoting private pension funds. In 2003, the government introduced a reform cutting slightly the level of pensions, giving limited tax incentives for retirement savings and counting mainly on the postponement of the retirement age to ensure the future funding of the system. Is the reform the conclusion of a democratic process designed to meet a social choice, or is it a decision of the dominant class imposed on employees? Will the French economy be able reach full employment and raise the participation rate of the 55 to 65 year-old?

Date: 2005
References: Add references at CitEc
Citations:

Published in The Tocqueville Review/La revue Tocqueville, 2005, 26 (2), pp.67-95. ⟨10.3138/ttr.26.2.67⟩

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
Working Paper: Reforming the French Pension System: Social Choices and Policy Challenges (2005)
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-03426579

DOI: 10.3138/ttr.26.2.67

Access Statistics for this paper

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