Pension Reforms and Inequalities in France

Antoine Bozio, Maxime To and Julie Tréguier

No 34576, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: This study analyzes the distributional effects of French pension reforms from 1993 to 2014 across different socioeconomic groups. Using administrative data for individuals born between 1934 and 1950, we examine the impact on social security wealth (SSW) across lifetime earnings deciles and genders. Our methodology incorporates differential life expectancy and exploits the PENSIPP model for counterfactual scenarios. Results show that reforms generally decreased SSW across all income groups, with regressive tendencies. The 1993 reform had the most significant impact, reducing SSW by over 15% for men in the lowest earnings decile compared to 5% for the highest. Subsequent reforms had milder effects. These findings contribute to understanding the long-term consequences of pension reforms on inequality and inform future policy decisions in countries facing similar demographic challenges.

JEL-codes: H55 J14 J26 (search for similar items in EconPapers)
Date: 2025-12
Note: AG
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