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Assessing the effectiveness of recent pension reforms

2025-12-01Artigo científico Acesso aberto
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dc.contributor.authorBravo, Jorge Miguel
dc.contributor.authorAyuso, Mercedes
dc.contributor.authorEl Mekkaoui, Najat
dc.contributor.institutionInformation Management Research Center (MagIC) - NOVA Information Management School
dc.contributor.institutionNOVA Information Management School (NOVA IMS)
dc.contributor.pblElsevier
dc.date.accessioned2025-10-06T21:59:52Z
dc.date.available2025-10-06T21:59:52Z
dc.date.issued2025-12-01
dc.descriptionBravo, 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.
dc.description.abstractReforming 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.en
dc.description.versionpublishersversion
dc.description.versionpublished
dc.format.extent18
dc.format.extent1530435
dc.identifier.doi10.1016/j.seps.2025.102335
dc.identifier.issn0038-0121
dc.identifier.otherPURE: 131428117
dc.identifier.otherPURE UUID: ee7def59-3b1f-4ad2-8838-dbe94913e4ad
dc.identifier.othercrossref: 10.1016/j.seps.2025.102335
dc.identifier.otherScopus: 105017461919
dc.identifier.otherWOS: 001588427700002
dc.identifier.otherORCID: /0000-0002-7389-5103/work/193625465
dc.identifier.urihttp://hdl.handle.net/10362/189063
dc.identifier.urlhttps://www.scopus.com/pages/publications/105017461919
dc.identifier.urlhttps://www.webofscience.com/wos/woscc/full-record/WOS:001588427700002
dc.language.isoeng
dc.peerreviewedyes
dc.subjectRetirement age policy
dc.subjectPopulation ageing
dc.subjectIntergenerational fairness
dc.subjectPensions
dc.subjectLabour market policies
dc.subjectGeography, Planning and Development
dc.subjectEconomics and Econometrics
dc.subjectStatistics, Probability and Uncertainty
dc.subjectStrategy and Management
dc.subjectManagement Science and Operations Research
dc.titleAssessing the effectiveness of recent pension reformsen
dc.title.subtitleThe French experimenten
dc.typejournal article
degois.publication.titleSocio-Economic Planning Sciences
degois.publication.volume102
dspace.entity.typePublication
rcaap.rightsopenAccess

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