The economic demands of an ageing population, coupled with the crisis of public spending pose one of the greatest challenges to social policy in both the East and West. This book focuses on the political economy of pensions, particularly on the interaction between private and state provision....

The collapse of sadly notorious American corporations whose retirement plans were primarily invested in company stocks has aroused a growing interest in understanding employees' investment decisions about company stock. American 401(k) plans and the French Company Savings Plans have in common to...

This paper employs administrative data from one of the largest plan providers in France to investigate the role of plan and default characteristics in affecting whether employees participate in the plan and whether they accept its default investment option. The dataset includes information on...

This volume is part of a series of monographs on private pensions in OECD countries. Previous titles have considered the situation of Canada, Ireland, New Zealand, the United States, the United Kingdom and Australia. Private pensions occupy a central role in the French system of retirement...

This chapter deals with the French PAYGO mandatory occupational pension scheme for the private sector workers (AGIRC-ARRCO), one of the world's oldest pension point systems. In a first section, we trace the history of the setup of this system which relies on a particular mode of governance...

Households will have to increase their retirement-related assets to face the consequences of pension reforms and/or increasing longevity. Thus, improving retirement planning seems then to be necessary. However, the literature reports a general lack of awareness and understanding of the pension...