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Cover of: The Evaluation of Pension Reforms in the Public Sector: A Case Study of the Paris Subway Drivers
Robert J. Gary-Bobo, Touria Jaaidane

The Evaluation of Pension Reforms in the Public Sector: A Case Study of the Paris Subway Drivers

Section: Articles
Volume 174 (2018) / Issue 2, pp. 245-277 (33)
Published 05.07.2018
DOI 10.1628/093245617X14930170168698
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Summary
The actuarial cost of a worker, per year of service, is the expected discounted sum of net real wages and pension benefits earned by a worker over her life cycle, divided by the number of years of service. We show the possibility of reforms such that (i) the actuarial cost of a worker per year of service is reduced, (ii) the utility of workers does not decrease, and (iii) the pension fund deficits do not increase. We propose a quantitative analysis of the 2008 reform of the Paris Metro pensions as an illustration.