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Social Security Programs and Retirement around the WorldReforms and Retirement Incentives$
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Axel Börsch-Supan and Courtney C. Coile

Print publication date: 2021

Print ISBN-13: 9780226674100

Published to Chicago Scholarship Online: September 2021

DOI: 10.7208/chicago/9780226674247.001.0001

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PRINTED FROM CHICAGO SCHOLARSHIP ONLINE (www.chicago.universitypressscholarship.com). (c) Copyright University of Chicago Press, 2022. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in CHSO for personal use.date: 26 June 2022

Workers’ Employment Rates and Pension Reforms in France

Workers’ Employment Rates and Pension Reforms in France

The Role of Implicit Labor Taxation

Chapter:
(p.133) 4 Workers’ Employment Rates and Pension Reforms in France
Source:
Social Security Programs and Retirement around the World
Author(s):

Didier Blanchet

Antoine Bozio

Simon Rabaté

Muriel Roger

Publisher:
University of Chicago Press
DOI:10.7208/chicago/9780226674247.003.0004

Over the last fifteen years, France has experienced a reversal of older workers’ labor force participation and employment rates. Changes in health, life expectancy or education levels over the period are trend variables and thus cannot explain this “U-shaped” time profile. Pension reforms and associated changes in monetary incentives to retire are a more plausible explanation. Their impact is measured by the implicit tax rate on working longer, which combines induced changes in the level of benefits and the fact of foregoing one year of these benefits. We also account for changes in the relative importance of alternative pathways to normal retirement. Pension reforms and access to these alternative pathways have moved in ways that can account for a significant part of the “U-shaped” pattern of older workers labor force participation.

Keywords:   France, employment, pension reform, unemployment, retirement incentives, older workers, implicit tax, working longer

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