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

• 成果类型: Article
• 署名作者: INRAE
• 刊物名称: JOURNAL OF ECONOMIC HISTORY
• ISSN/ISSBN: 0022-0507
• DOI: 10.1017/S0022050711001574
• 发表日期: 2011
• 页码: 383-412
• 关键词: labor-force participation; industrial scrap heap; life-cycle; UNITED-STATES; retirement; EMPLOYMENT; americans; origins; decline

摘要

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.