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Performance indicators of the French pension system

Author

Listed:
  • Y. DUBOIS

    (Insee)

  • A. MARINO

    (Insee)

Abstract

Equity and solidarity are main concerns for the French pension system. These concepts are linked with the one of returns: return between generations, between pensioners of the same generation& Returns allow to summarize several dimensions: either related to financial data (pensions and contributions) or durations (activity and retirement). We choose here two indicators: the internal rate of return and the recovery rate. Second, those actuarial indicators should be interpreted with caution. In an intertemporal approach, the choice of the updating rate is crucial. Moreover, how to compare people of different generations who have not known the same growth pace ? The pension system is strongly linked to the economic growth, such a dependence has an impact on the interpretation of the statistics. We use the microsimulation model Destinie 2 that allows us to project pensions in the long run for each individual and, thus, to have all information we need to estimate the indicators: working life duration, social security contributions, pensions and retirement duration. To compute the level of contributions, we have to take account of the diversification of the financing of the french pension system.

Suggested Citation

  • Y. Dubois & A. Marino, 2015. "Performance indicators of the French pension system," Documents de Travail de l'Insee - INSEE Working Papers g2015-02, Institut National de la Statistique et des Etudes Economiques.
    • Handle: RePEc:nse:doctra:g2015-02
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    File URL: https://www.bnsp.insee.fr/ark:/12148/bc6p06zr9k6/f1.pdf
    File Function: Document de travail de la DESE numéro G2015-02
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    References listed on IDEAS

    as
    1. Bertrand Garbinti & Pierre Lamarche, 2014. "Les hauts revenus épargnent‑ils davantage ?," Économie et Statistique, Programme National Persée, vol. 472(1), pages 49-64.
    2. Carole Bonnet & Ronan Mahieu, 2000. "Taux de rendement interne par génération des régimes obligatoires de retraite. Calcul à l'aide d'un modèle de microsimulation dynamique," Revue Économique, Programme National Persée, vol. 51(1), pages 77-95.
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    More about this item

    Keywords

    pensions; microsimulation; rate of return;
    All these keywords.

    JEL classification:

    • H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions
    • J26 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Retirement; Retirement Policies

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