The aim of this article is to analyse the question of career interruptions and to evaluate their impact on pension retirement for French private sector workers. Using the last French survey on households' wealth (2003-2004), we first study the career set-backs for individuals born between 1937...

Demographic and economic trends are forcing European governments to reform their pension systems. Contributions to pension schemes have been raised and eligibility criteria for a full pension tightened. People who retire in the years to come will have experienced less uniform careers....

In this paper, we assess whether the stock market downturn can be an opportunity for Defined Contribution pension plan members to reinforce their risky assets exposure? In line with the framework developed by Kojein et al. (Manag Sci 55(7):1199–1213, 2009), we consider a DC plan investor,...

How 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...

The American pension funds system reinforces the sensibility of the American economy to financial markets fluctuations. Market risk is supported by companies as concerns defined benefits funds (DB) and by households as regards defined contributions plans (DC). DC funds are often over-invested in...

This paper examines the channels through which ageing will shape the main economic factors that in turn affect potential growth; identifies current policy settings that may in fact amplify the adverse impact of demographic trends; and sets out policy reforms that will work to temper the effects...