Chapter

France

Didier Blanchet and Florence Legros

in Social Security Pension Reform in Europe

Published by University of Chicago Press

Published in print January 2002 | ISBN: 9780226241081
Published online February 2013 | e-ISBN: 9780226241913 | DOI: http://dx.doi.org/10.7208/chicago/9780226241913.003.0006
France

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This chapter discusses the lack of consensus in the reform of the French pension system. At one end of the spectrum are those who are convinced that the pension problem is a real one and argue either that economic growth is uncertain, or that it will be of only marginal help in solving pension imbalances. At the other end of the spectrum are those that advocate the implementation of partial funding on top of existing pay-as-you-go (PAYGO) schemes, but with some variance about the way this should be done: through traditional life insurance contracts, pension funds, employee saving plans, or the accumulation of reserves within existing PAYGO schemes. This chapter examines the steps that led to its current state. It distinguishes three main (and partially overlapping) stages of the pension debate. The first began around 1990, with the publication of Livre Blanc sur les Retraites (the White Book on Pensions), and finally led, in 1993, to the Balladur Reform concerning the general pension regime. A commentary and discussion summary are also included at the end of the chapter.

Keywords: French pension system; pension reform; social security; pay-as-you-go systems

Chapter.  11473 words. 

Subjects: Public Economics

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