Report
France: For an incentive to delay retirement
W e think that the French government should put in place an incentive for the French to delay their retirement , for the following reasons : The employment rate among 60-64 year olds is low in France relative to other countries; As a result, the level of public pension spending is high ; r educing it would solve France’s fiscal deficit problem (the financial incentive would not go so far as to achieve actuarial neutrality); French companies face considerable hiring difficulties, which would be made less acute if the retirement age were raised (which, accordingly, would not risk driving up unemployment); This measure would be well received given the prospect of faster growth in labour incomes than in pensions (which is already a small financial incentive to delay retirement) . I t would not be an obligation but an option.
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Natixis
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Patrick Artus
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