In the current context of demographic pressures, reforms of PAYG pension systems increase the extent to which individuals are responsible for their own retirement planning. The French pension system offered high replacement rates. The population used to consider that the State scheme had to...

Elective affinity seems to link reform of retirement, development of long-term investments and SRI next decades. They so suggest the possibility of an endogenous evolution of financial capitalism which would become more favourable to a long term perspective, without departing from the principle...

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...

In this paper, we assess whether the stock market downturn can be an opportunity for Defined Contribution pension plan members to reinforce their risky assets exposure? In line with the framework developed by Kojein et al. (Manag Sci 55(7):1199–1213, 2009), we consider a DC plan investor,...

The present phenomenon of the changing age-structure of the population will come to a head in the next few years with the considerable mass of those over sixty. Indeed, the behaviour of this growing sector of the population is at the centre of many issues, especially regarding inheritance...

In this paper, we apply a multidimensional decomposition of the Gini index to the active and retired populations in France. The multi-decomposition of an inequality measure allows us to put into perspective the role of social spending and taxation in reducing inequalities simultaneously among...