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dc.contributor.authorLegendre, Bérangère
dc.contributor.authorEl Mekkaoui de Freitas, Najat
dc.date.accessioned2013-03-19T12:32:54Z
dc.date.available2013-03-19T12:32:54Z
dc.date.issued2012-07
dc.identifier.urihttps://basepub.dauphine.fr/handle/123456789/11142
dc.language.isoenen
dc.subjectRetirementen
dc.subjectprivate pensionen
dc.subject.ddc331en
dc.subject.classificationjelJ26en
dc.subject.classificationjelJ32en
dc.titleLife cycle accumulation and aging risksen
dc.typeCommunication / Conférence
dc.description.abstractenHow to de ne the most appropriate institutional framework that could encourage to better plan retirement? The French population used to consider that the PAYG public pension system should finance pensions. The pension system being based on an insurance principle and intergenerational risk sharing, once retired, households estimate that the public system has to provide them an adequate level of pension. But in the context of pension reforms, the replacement rates provided by the PAYG pension system are going to decrease. Households will need to increase their savings rates to maintain their standard of living during retirement. We test the impact of new risks and aspects of the aging issue on retirement related asset holding behaviour. We integrate the longevity and disability risks, the impact of the public pension information system, which is a way to improve private nancial education and awareness, and psychological variables. We estimate bivariate probit models to better understand these behaviours. Our results indicate that the households change their mind and adapt their behaviour to new economic and demographic issues. The implementation of the pension information right allows them to increase their private savings for the retirement and the life expectancy at old age increases the probability to hold an annuity contract.en
dc.identifier.citationpages31en
dc.subject.ddclabelEconomie du travailen
dc.relation.conftitleThe 32nd General Conference of The International Association for Research in Income and Wealthen
dc.relation.confdate2012-08
dc.relation.confcityBostonen
dc.relation.confcountryÉtats-Unisen
dc.relation.forthcomingnonen


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