A carregar...
Publicação
Assessing the effectiveness of recent pension reforms
| Nome: | Descrição: | Tamanho: | Formato: | |
|---|---|---|---|---|
| 1.46 MB | Adobe PDF |
Orientador(es)
Resumo(s)
Reforming public and private pension systems to address the challenges posed by population ageing and a range of economic, labour market, social, political, geopolitical, technological, legal, and regulatory shocks remains a major policy priority for many countries. A widely supported response has been to raise minimum and statutory retirement ages and restrict early exit pathways. These measures aim to boost labour force participation and employment among older individuals, stimulate potential GDP growth and consumption, ease pressure on social security systems, and improve public finances. However, it remains uncertain whether pension reforms alone can prevent a decline in the relative size of the labour force or ensure intergenerational fairness. This paper assesses the effectiveness of recent retirement age reforms in France in stabilising the old-age dependency ratio and securing long-term financial sustainability. It also examines whether these reforms promote intergenerational equity. The findings suggest that the reforms fall short of offsetting the projected decline in the labour force, achieving fairness across generations, and maintaining fiscal balance. The results underscore the need for a holistic and dynamic approach to retirement age policy design.
Descrição
Bravo, J. M., Ayuso, M., & El Mekkaoui, N. (2025). Assessing the effectiveness of recent pension reforms: The French experiment. Socio-Economic Planning Sciences, 102, Article 102335. https://doi.org/10.1016/j.seps.2025.102335 --- %ABS2% --- The authors would like to express their gratitude to the editor and two anonymous referees for their careful review and insightful comments, which helped strengthen the quality of the paper. Jorge Miguel Bravo was supported by Portuguese National Science Funds through Fundação para a Ciência e a Tecnologia, grant UIDB/04152 – Centro de Investigação em Gestão de Informação (MagIC), Spain and grant UIDB/00315/2020 – Instituto Universitário de Lisboa (ISCTE-IUL), Business Research Unit (BRU-IUL), Spain. Mercedes Ayuso is grateful to the Spanish Ministry of Science and Innovation for funding received under grant PID2019-105986GB-C21, and the Departament de Recerca i Universitats, the Departament d’Acció Climàtica, Alimentació i Agenda Rural, Spain, and the Fons Climàtic of the Generalitat de Catalunya, Spain (2023 CLIMA 00012). The funders had no role in study design, data collection and analysis, decision to publish, or preparation of the manuscript.
Palavras-chave
Retirement age policy Population ageing Intergenerational fairness Pensions Labour market policies Geography, Planning and Development Economics and Econometrics Statistics, Probability and Uncertainty Strategy and Management Management Science and Operations Research