Pension Information and Retirement Planning in France: An Evaluation of Public Policy

Freitas, Najat El Mekkaoui de; Legendre, Bérangère

doi:10.2139/ssrn.2744582

Cited by 2 publications

(2 citation statements)

References 34 publications

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“…Hence, the introduction of the bonus seems to affect more prepared agents. This result echoes previous findings by El Mekkaoui de Freitas and Legendre (2015) showing that, after receiving the retirement statement, best prepared (and wealthiest) agents are more likely to integrate the information and to put it into action.…”

Section: Iv23 Other Covariates Resultssupporting

confidence: 88%

“…Moreover, the mandatory retirement system is composed of many funds, based on a mix between annuity and point systems, which make the calculation of future pension benefits throughout life difficult. El Mekkaoui de Freitas and Legendre (2015) analyse the impact of a personalized statement, with information about projected pension benefits, sent to all individuals aged 55 or more in France 7 . Results show that the statement has little and heterogeneous effects on retirement planning: information is only integrated by the wealthiest and more financially literate agents who have planned retirement more thoroughly (private savings).…”

Section: Ii2 Pension Reforms Financial Incentives and Behavioural mentioning

confidence: 99%

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Time inconsistency and delayed retirement decision: the French pension bonus

Briand

2019

Applied Economics

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With the increase in life expectancy and demographic shocks, several public policies in the last decades aim to encourage individuals to postpone retirement. One of them, the pension bonus, gives an increased pension if individuals retire beyond their Full Retirement Age. Previous ex post analyses found that the responsiveness to this type of financial incentives, which encourage to postpone retirement, is heterogeneous among agents and that the global effect is rather limited. Deriving from previous research in Behavioural Economics, this article analyses the impact of time inconsistency in the decision to delay retirement to get the bonus. Using public national survey data, short-term and long-term impatience are measured with questions on retiring motivations. After controlling for the endogeneity of the bonus knowledge, econometric results show that time-inconsistent agents are less likely to retire with the bonus.

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Section: Iv23 Other Covariates Resultssupporting

confidence: 88%

Section: Ii2 Pension Reforms Financial Incentives and Behavioural mentioning

confidence: 99%

Time inconsistency and delayed retirement decision: the French pension bonus

Briand

2019

Applied Economics

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Does information seeking moderate the relationship between financial loan inclusion and Fintech P2P lending?

Kontesa

Yau

2022

J Financ Serv Mark

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This research aims to investigate the moderating effect of information-seeking on the positive relationship between loan inclusion and Fintech P2P lending. It exploits how information-seeking plays an important role in the Fintech P2P loan decision. Unlike previous studies, we use primary data from 281 Fintech P2P borrowers to test the hypotheses. We use robust OLS regression and two-stage least square to estimate our model, and reveal three essential findings. First, loan inclusive (the individuals with traditional loan access) has lower Fintech P2P credit than the loan exclusive (those without traditional loan access). Second, information-seeking behavior would lower the Fintech P2P credit ratio. Lastly, information-seeking significantly moderates the relationship between loan inclusion and loans from Fintech P2P lending. It implies that those loan-exclusive individuals would have less Fintech P2P credit if they have high information-seeking.

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Pension Information and Retirement Planning in France: An Evaluation of Public Policy

Cited by 2 publications

References 34 publications

Time inconsistency and delayed retirement decision: the French pension bonus

Time inconsistency and delayed retirement decision: the French pension bonus

Does information seeking moderate the relationship between financial loan inclusion and Fintech P2P lending?

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