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Pension d’un salarié du secteur privé et transitions vers un système universel de retraite par points : Etude d’impact pour une carrière complète sous plafond

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  • Frédéric Gannon

    (CERENE - Centre d'Etude et de Recherche en économiE et gestioN LogistiquE - ULH - Université Le Havre Normandie - NU - Normandie Université, OFCE - Observatoire français des conjonctures économiques (Sciences Po) - Sciences Po - Sciences Po, EconomiX - EconomiX - UPN - Université Paris Nanterre - CNRS - Centre National de la Recherche Scientifique)

  • Gilles Le Garrec

    (OFCE - Observatoire français des conjonctures économiques (Sciences Po) - Sciences Po - Sciences Po)

  • Gautier Lenfant
  • Vincent Touzé

    (OFCE - Observatoire français des conjonctures économiques (Sciences Po) - Sciences Po - Sciences Po)

Abstract

The adoption of a universal point system modifies the link between labor income and pension benefits. In this paper, we propose to measure the possible impact of such a change when considering different wage trajectories. We identify seven stylized case studies to characterize the main properties of the current system for employees in the private sector with full careers under the social security ceiling. To address the transition issue, we setup two methods for valuing acquired pension rights in the old system. The first is the immediate conversion of the pension rights into points. The second consists in making the rules of calculation coexist and paying pension benefits acquired before the reform in proportion to the contribution period length in the old system. We contemplate a benchmarch scenario of constant long-run generosity for a given career. The impact is shown not to depend on the income level but on the salary profiles: a redistribution is carried out in favor of weakly growing profiles at the expense of the steeper ones. For careers with poor contribution years, significant declines are to be expected. However, for low-wage careers, an increase in the minimum pension is likely to limit the impact of these decreases or even to lead to a higher perceived effective pension. The way in which acquired pension rights are valued is not neutral. The conversion is rather advantageous for the least dynamic careers while the nesting of the rules is more generous for the most dynamic careers.

Suggested Citation

  • Frédéric Gannon & Gilles Le Garrec & Gautier Lenfant & Vincent Touzé, 2020. "Pension d’un salarié du secteur privé et transitions vers un système universel de retraite par points : Etude d’impact pour une carrière complète sous plafond," Working Papers hal-03403078, HAL.
  • Handle: RePEc:hal:wpaper:hal-03403078
    Note: View the original document on HAL open archive server: https://sciencespo.hal.science/hal-03403078
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    References listed on IDEAS

    as
    1. Raquel Fonseca & Thepthida Sopraseuth, 2019. "Distributional effects of social security reforms: The case of France," Canadian Journal of Economics, Canadian Economics Association, vol. 52(3), pages 1289-1320, August.
    2. Frédéric Gannon & Gilles Le Garrec & Vincent Touzé, 2018. "Réformer le système de retraite : pourquoi, comment ?," Post-Print hal-03408920, HAL.
    3. Anne Lavigne, 2013. "Economie des retraites," Post-Print halshs-00833782, HAL.
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    5. Didier Blanchet & Antoine Bozio & Simon Rabaté, 2016. "Quelles options pour réduire la dépendance à la croissance du système de retraite français ?," Revue économique, Presses de Sciences-Po, vol. 67(4), pages 879-911.
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    8. Karine Briard, 2007. "Profils types des salariés du secteur privé : approche par une classification des carrières," Économie et Prévision, Programme National Persée, vol. 180(4), pages 59-85.
    9. Patrick Aubert & Cindy Duc, 2011. "Les conséquences des profils individuels des revenus d’activité au long de la carrière sur le niveau des pensions de retraite," Économie et Statistique, Programme National Persée, vol. 441(1), pages 159-186.
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    More about this item

    Keywords

    Pension reform; Income distribution; Welfare program;
    All these keywords.

    JEL classification:

    • H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions
    • D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
    • I38 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Government Programs; Provision and Effects of Welfare Programs

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