Estimating Models of Retirement Behavior on French Data

Ronan Mahieu and Didier Blanchet

in Social Security Programs and Retirement around the World

Published by University of Chicago Press

Published in print March 2004 | ISBN: 9780226310183
Published online February 2013 | e-ISBN: 9780226309989 | DOI:
Estimating Models of Retirement Behavior on French Data

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This chapter, which examines the factors that determine retirement behavior in France, begins by reviewing the features of the French pension system. The analysis concentrates on two subpopulations: wage earners belonging to the private sector and civil servants. The chapter gives a detailed account of rules governing pensions for these two categories, including possibilities of early exit from the labor force, through either early retirement or specific features of unemployment insurance. It then describes data sets used and explains why the analysis focuses on three specific cohorts: cohort 1930 for workers in the private sector, and cohorts 1930 and 1932 for civil servants. Next, the chapter moves to a descriptive analysis of incentives to withdraw from the labor force that apply to these cohorts, given their specific histories. These incentives are then introduced in probit models of withdrawal from the labor force. The final section presents simulations derived from these models.

Keywords: France; pension system; private-sector employees; civil servants; early retirement; probit models; labor force

Chapter.  16294 words.  Illustrated.

Subjects: International Economics

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