This European survey examines (a) Preserving the financial viability of France's state pension system is better achieved by raising the effective retirement age than by raising contributions while working; (b) Preserving the financial viability of France's state pension system is better achieved by raising the effective retirement age than by reducing benefits once retired
Keyword: France
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This week's IGM European Economic Experts Panel statements:
A) The fiscal rules of the European Union should give more flexibility to member countries.
B) The Italian budget for 2019 that the European Commission rejected in October would have increased Italy’s risk of fiscal insolvency substantially.
C) If France runs a 2019 budget deficit of around 3.4% of GDP, as announced by President Macron’s government, France’s risk of fiscal insolvency will increase substantially.
This week’s European Economic Experts Panel statements:
A) Revising France’s labor market policies — by reducing employment protection, decentralizing labor negotiations to the firm level, and making training programs more accessible and responsive to labor demands — would, all else equal, increase productivity in France’s economy.
B) Reducing employment protection would reduce the equilibrium unemployment rate in France.
This week’s IGM Economic Experts Panel poll statements:
A) Reducing the minimum retirement age in France from 62 back to age 60, permanently, would reduce long-term French economic growth and substantially raise French debt relative to GDP over time.
B) France’s overall employment is higher today because of the 35 hour work week than it would be without a limit on weekly hours.
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