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N° 2003-14 |
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| September |
| Notional Defined Contribution : a Comparison
of the French and the German Point Systems |
| Florence Legros |
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This paper provides a comparison between
the French and German pension schemes by points to NDC pensions schemes
(Notionnal Defined Contributions).
The formal equivalence is rather simple to prove ; on the other hand, like
the Swedish pension scheme often supposed to be examplary, French and German
pensions schemes are not immune to unexpected macroeconomic and demographic
shocks. In other respects, generally speaking, searching intragenerational
fairness by the way of this type of pensions schemes is questionable due
to the large disparity between incomes and life expectancies.
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Abstract |
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| Schemes by points; pays-as-you-go; actuarial
fairness; notionnal accounts |
Keywords |
| H55; J22; J26 |
JEL classification |
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