TY - BOOK ID - 84541385 TI - Some Considerations Relevant to Prefunded Pensions in France PY - 1995 SN - 1462378250 1455296910 1281602361 9786613783059 145521809X PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Insurance KW - Labor KW - Macroeconomics KW - Public Finance KW - Industries: Financial Services KW - Social Security and Public Pensions KW - Nonwage Labor Costs and Benefits KW - Private Pensions KW - Insurance Companies KW - Actuarial Studies KW - Pension Funds KW - Non-bank Financial Institutions KW - Financial Instruments KW - Institutional Investors KW - Aggregate Factor Income Distribution KW - Pensions KW - Insurance & actuarial studies KW - Finance KW - Pension spending KW - Insurance companies KW - Income KW - Expenditure KW - Financial institutions KW - National accounts KW - France UR - https://www.unicat.be/uniCat?func=search&query=sysid:84541385 AB - Increasing use of life insurance instruments and company-sponsored funds in France suggests that French households may be inclined to a greater reliance on financial savings as a source of retirement income. This paper examines the challenges imposed by an aging population on the pay-as-you-go basic and supplementary pension systems, the growth of life insurance and company-sponsored funds in the absence of a comprehensive legislation on prefunded pensions, and issues related to prefunding pension schemes, such as the possibility of an welfare enhancing transition to prefunding; effects on capital markets in view of the experience in other OECD countries; and the importance of the transportability of pensions and measures fostering competition in financial markets. ER -