Career Interruptions of Seniors and Impact on the Pension Benefits - Abstract - The diversity of working life has an impact on retirement age and the pension benefits. Employment breaks like unemployment or parental leave will reduce earnings and pension benefits in the future. This paper...

The heterogeneity of private-sector career paths raises many problems for estimating future retirees’pensions, which are calculated according to complex rules. Using a projection model based on typical and weighted career profiles, we can grasp the mechanisms involved and assess intra- and...

La décision de partir en retraite fait intervenir de multiples facteurs dont il est difficile d’apprécier le caractère décisif. La connaissance des motifs de départ se pose avec une acuité particulière pour les individus qui, au terme de leur vie active, ont une durée d’assurance qui...

The aim of this article is to analyse the question of career interruptions and to evaluate their impact on pension retirement for French private sector workers. Using the last French survey on households' wealth (2003-2004), we first study the career set-backs for individuals born between 1937...

We examine the effects of collateral provision as a potential channel between funding liquidity tensions and the scarcity of market liquidity. This channel consists in transferring the credit risk associated with refinancing operations between financial institutions to market participants that...

We consider the channel consisting in transferring the credit risk associated with refinancing operations between financial institutions to market participants. In particular, we analyze liquidity and volatility premia on the French government debt securities market, since these assets are used...