Antoine Bozio Seminar "Pension reforms in France: towards a new European model?"

Seminar outline
Title:"Pension reforms in France: towards a new European model?"
Speaker: Antoine Bozio, Director, the Institut des politiques publiques (IPP)
Moderator: Yukihiro Matsuyama, Research Director, CIGS

Presentation
Presentation by Yukihiro MatsuyamaPDF：620KB
Presentation by Antoine BozioPDF：1.83MB

Abstract of the Speech
The talk will start by presenting the broad context of Social security in France, demographic aging and public finance projections. The current institutional design of the French pension system will then be briefly described before turning to the pension reform announced by the French president E. Macron. The proposed reform is inspired by the reform carried out in the 1990s in Sweden, under the form of Notional defined contributions (NDCs). Although the economics of NDC is close to other public pay-as-you-go pension systems, the automatic adjustment rules provide strong mechanism for assuring long-term sustainability, and higher salience of the tax-benefit linkage. The issues surrounding such a reform in the case of France will be discussed, both in terms of economics, administrative feasibility as well as political support or opposition. Finally, with Sweden, Italy, Poland and France adopting NDC system, and with Germany with a closely related point-based system, the talk will discuss whether we assist to the emergence of a new European model for pension design.

Speaker's profile
Antoine Bozio is director of the Institut des politiques publiques (IPP), associate professor at the Paris School of Economics (PSE, EHESS), and research fellow at the Institute for Fiscal Studies (IFS).
He holds a PhD in economics from PSE and his main area of research interest is public economics, with particular focus on pension, elderly care and tax & benefit systems.