In 1982, the French socialist government lead by Pierre Mauroy reduced the legal age of retirement for both men and … the Thomas Act that introduced retirement savings plan, but the law was never enforced because of the political change in …

in the birth rate. Optimal pension and retirement age policies have been characterized in a dynamic framework. We have … considered a mixed pension scheme that is fully funded, but offers agents an actuarially fair choice on their retirement age. We …

retirement for French private sector workers. Using the last French survey on households' wealth (2003-2004), we first study the …

The French pattern of early transitions out of employment is basically explained by the low age at “normal” retirement … and by the importance of transitions through unemployment insurance and early-retirement schemes before access to normal … retirement. These routes have exempted French workers from massively relying on disability motives for early exits, contrarily to …

for a job. This is because of the short time-horizon of workers close to retirement. We propose to introduce a pension tax … pension tax allows those workers near retirement who still do not exercise job search to smooth their consumption during their …

-free. Second, the short job duration before retirement implies that the budgetary return and search incentives associated with the …. Finally, even in the special case where search intensity is zero close to retirement, perfect risk-sharing across unemployment … and retirement is welfare-improving thanks to the pension tax …