Some Considerations Relevant to Prefunded Pensions in France

July 1, 1995

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Format: Chicago

Joaquim Vieira Ferreira Levy. Some Considerations Relevant to Prefunded Pensions in France, (USA: International Monetary Fund, 1995) accessed November 21, 2024

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

Increasing use of life insurance instruments and company-sponsored funds in France suggests that French households may be inclined to a greater reliance on financial savings as a source of retirement income. This paper examines the challenges imposed by an aging population on the pay-as-you-go basic and supplementary pension systems, the growth of life insurance and company-sponsored funds in the absence of a comprehensive legislation on prefunded pensions, and issues related to prefunding pension schemes, such as the possibility of an welfare enhancing transition to prefunding; effects on capital markets in view of the experience in other OECD countries; and the importance of the transportability of pensions and measures fostering competition in financial markets.

Subject: Expenditure, Financial institutions, Income, Insurance, Insurance companies, Labor, National accounts, Pension spending, Pensions

Keywords: Banking firm, Europe, Firm, Fixed income, Income, Insurance, Insurance companies, Life insurance company, Market, Pension spending, Pensions, Savings fund, Savings plan, Savings program, Sponsoring company, Worker, WP

Publication Details

Pages:

36
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 1995/064
Stock No:

WPIEA0641995
ISBN:

9781451848502
ISSN:

1018-5941

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