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Does the Right to Information on their Pension Introduced by the 2003 Reform Make the French Better Informed and Less Concerned about their Future Pension?

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Listed:
  • Luc Arrondel
  • Loïc Gautier
  • Aurélie Lemonnier
  • Laurent Soulat

Abstract

[eng] We study the impact of the policy of sending policyholders personalised information regarding their pension, which was introduced by the 2003 reform (the right to information, Droit à l'information – DAI), on improving their knowledge of their pension entitlements and on the changes in their level of concern regarding their future pension amount. By using data from the 2012 and 2020 waves of the PAT€R survey, we show that knowledge of pension entitlements improved and that concern regarding pension amounts fell between 2012 and 2020. The impact of sending information as part of the DAI is difficult to isolate from the impact of the change in the general context between 2012 and 2020. However, the results obtained suggest that the first documents sent under the DAI policy have a slight positive effect on knowledge and an indirect impact on reducing concern by improving knowledge.

Suggested Citation

  • Luc Arrondel & Loïc Gautier & Aurélie Lemonnier & Laurent Soulat, 2023. "Does the Right to Information on their Pension Introduced by the 2003 Reform Make the French Better Informed and Less Concerned about their Future Pension?," Economie et Statistique / Economics and Statistics, Institut National de la Statistique et des Etudes Economiques (INSEE), issue 538, pages 69-87.
    • Handle: RePEc:nse:ecosta:ecostat_2023_538_5
    DOI: https://doi.org/10.24187/ecostat.2023.538.2093
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    2. Lusardi, Annamaria (ed.), 2009. "Overcoming the Saving Slump," University of Chicago Press Economics Books, University of Chicago Press, number 9780226497099, December.
    3. Müller, Stephan & Rau, Holger A., 2021. "Economic preferences and compliance in the social stress test of the COVID-19 crisis," Journal of Public Economics, Elsevier, vol. 194(C).
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    More about this item

    JEL classification:

    • H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions
    • I20 - Health, Education, and Welfare - - Education - - - General
    • J26 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Retirement; Retirement Policies

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