Chapter

Facing the Pension Crisis in France

Gordon L. Clark

in Pension Security in the 21st Century

Published in print November 2003 | ISBN: 9780199261765
Published online August 2004 | e-ISBN: 9780191601248 | DOI: http://dx.doi.org/10.1093/0199261768.003.0005
 Facing the Pension Crisis in France

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This chapter examines the pension problem in France. The French pension situation follows the path of most Bismarckian pension institutions; it has long maintained a relative status quo despite several difficult reforms. Such institutions are difficult to reform because change affects the special interests of various privileged groups of workers. For reforms to pass, they must be negotiated with social partners. It remains unclear when and what type of pension funds will develop, who will be in charge of them, and how they will be invested.

Keywords: France; pension system; Pay-As-You-Go; funded pension schemes; pension reform; Bismarckian pension institutions

Chapter.  9235 words. 

Subjects: Financial Markets

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