Thrifty Pensioners: Pensions and Savings in France at the Turn of the Twentieth Century

Abstract : Building on a large sample of elderly French individuals, we evaluate the resources that were available to the old. We find that a considerable percentage of the French population did not have sufficient assets to live off of when aged. We compare the savings behaviors of pensioners and non-pensioners at a time when only a small part of the labor force was entitled to a pension. We show that pensioners were better able to accumulate wealth than were non-pensioners, even when we take into account their occupation and inherited wealth.
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Submitted on : Tuesday, November 20, 2012 - 9:53:01 AM
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Jérôme Bourdieu, Lionel Kesztenbaum, Gilles Postel-Vinay. Thrifty Pensioners: Pensions and Savings in France at the Turn of the Twentieth Century. Journal of Economic History, Cambridge University Press (CUP), 2011, 71 (2), pp.383-412. ⟨10.1017/S0022050711001574⟩. ⟨halshs-00754536⟩

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