IDEAS home Printed from https://ideas.repec.org/a/cai/reofsp/reof_184_0101.html
   My bibliography  Save this article

Choix d’âge de départ en retraite et emploi des seniors en France : que nous ont appris les réformes passées ?. Fondements microéconomiques, bouclage macroéconomique et évaluations des réformes

Author

Listed:
  • François Langot

Abstract

For over 30 years, reforms to the French pension system have ensured its financial sustainability in a changing demographic environment. In addition to ensuring the system?s sustainability, they have avoided prematurely excluding older people from employment. The aim of this article is to put these two results into perspective, on the basis of the pension reforms carried out in France. Firstly, raising the age for full retirement creates an initial dividend by reducing the number of pensioners and increasing the number of contributors with the new age for full entitlement, thereby reducing pension fund deficits for the first time. Secondly, raising the retirement age ?causes? an increase in the employment of older people before they reach full retirement age, and therefore increases the number of contributors, which then generates a second dividend for the pension funds and for the economy as a whole. To raise the effective retirement age, we have shown that incentives such as premiums are a powerful tool for voluntarily raising the retirement age, rather than imposing this by raising the statutory retirement age. The positive effects of raising the retirement age on the employment of older people are tentative, because they are based on the absence of measures that would break up the anticipation of a lengthening of the working life of older people, such as the various specific measures that help to prevent non-employment at the end of the life cycle.

Suggested Citation

  • François Langot, 2024. "Choix d’âge de départ en retraite et emploi des seniors en France : que nous ont appris les réformes passées ?. Fondements microéconomiques, bouclage macroéconomique et évaluations des réformes," Revue de l'OFCE, Presses de Sciences-Po, vol. 0(1), pages 101-155.
  • Handle: RePEc:cai:reofsp:reof_184_0101
    as

    Download full text from publisher

    File URL: http://www.cairn.info/load_pdf.php?ID_ARTICLE=REOF_184_0101
    Download Restriction: free

    File URL: http://www.cairn.info/revue-de-l-ofce-2024-1-page-101.htm
    Download Restriction: free
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cai:reofsp:reof_184_0101. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Jean-Baptiste de Vathaire (email available below). General contact details of provider: https://www.cairn.info/revue-de-l-ofce.htm .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.