Debates & News
Live from Club Landoy "Which strategies for companies facing the retirement wave?" on March 26, 2021 at 12pm
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Silver Valley's Silver Week, a week of expertise dedicated to innovation for longevity, will take place from March 23 to 26 via videoconference.
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A Graduate School of Demography has been created. This university research school is supported by the University of Paris 1 Panthéon-Sorbonne and INED, and is supported by six other partner universities.
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The EU Commission organizes the 3rd JRC Fiscal Policy Modelling Workshop on March, 17th, 18th and 19th. On March, 18th, the workshop will be focused on pension modelling.
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14th Cancer Meeting of MM Conseil on March 23, 2021 on the theme "For patients, let's mobilize".
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Launch on March 25, 2021 of the OECD report "How was life? New perspectives on historical global inequality".
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14th Financial Risk Forum on 25 and 26 March 2021 on the theme "Fintechs & Covid-19, Learning from a pandemic crisis" organized by ILB, IEF and FDR.
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LEDa's open days in the context of the recruitment of two lecturers on March 29th and April 2nd
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The PANORisk Network and the IUF are organizing "Risk Week" from November 15 to 19, 2021. The event is composed of two conferences: the PANORisk closing conference and the IUF conference. For the IUF conference, a call for papers has been launched and will close on 30 April 2021.
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Open application for OECD Youthwise, a channel for young people to have their say on OECD work. Application by 5 March, 2021.
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Call for research projects 2021 of the Chair of Women and Science on the theme of the role and place of women in the natural sciences. Deadline for submission of applications: April 30, 2021
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Brigitte Bourguignon, DGCS and CNSA create a strategic committee to fight isolation of the elderly on February 15, 2021.
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E-matinal March 3rd, 2021 "La feuille de paye et le caddie" organized by the Institut Louis Bachelier and the Chaire Sécurisation des Parcours Professionnels will present the work of Lionel Fontagné.
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Call for papers on "The production of social health inequalities" of the Revue française des affaires sociales. Articles expected before March 29, 2021.
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A public consultation was launched by the European Commission on demographic ageing, following the publication of its book on ageing. It is open until 21 April 2021.
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LEM - MOF- ADP distance seminar of Andreas Landmann who will present his paper "Gender Aspects in Low-Income Health Insurance: Evidence from Pakistan" on Tuesday, February 23, 2021.
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ANR launches a Covid-19 Resilience Call for Proposals until March 2, 2021 to fund urgent research projects in decision support and epidemic control.
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Launch of the EconomiX Youtube channel, which gives an overview of the research and analyses carried out by the EconomiX laboratory.
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Joint call for project "Intergenerational Equality and Well-Being" launched by an intergovernmental and pan-European initiative "More Years Better Life".
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Creation of a new research chair "Educational Policies and Social Mobility" by the Ardian Foundation, DEPP and PSE.
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The CEPREMAP Well-being Observatory is organizing a conference on February 8, 2021 following the publication of its new book "Le bien-être en France - Rapport 2020".
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The 2021 International Conference on Development Economics of DIAL, GREThA and LAREFI will take place on June 30, 2021, July 1 and 2, 2021 in Bordeaux and online.
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Books, Articles & Working Papers
Borgschulte, Guenzel, Liu, and Malmendier studied the long-term effects of high levels of job demands on CEO mortality and aging. In particular, they show that exposure to a distress shock during the Great Recession increases the apparent age of CEOs by one year over the following decade.
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Etilé and Geoffard assessed whether anxiety influenced Willingness to be Exposed to the Risk of Covid-19 Infection by surveying French youth aged 18-35 years online. The authors show that psychological anxiety and being unemployed are associated with greater willingness to be exposed to the risk of Covid-19 infection among young adults.
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The OECD has published recent statistics to compare the pension rights of OECD countries. Pension liabilities are higher in European countries than in non-European OECD countries. In addition, the private sector has a preference for defined contribution plans over defined benefit plans.
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COR has published its monthly dossier "Inequalities and recent changes in life expectancy", a key indicator for projecting pension expenditure and comparing the length of retirement for different generations. This dossier discusses inequalities in life expectancy according to social level and the evolution of life expectancy over the last decade. In addition, the dossier deals with the impact of the health crisis on life expectancy; life expectancy has fallen by 5 months for women and 6 months for men from March 2020. Conversely, mortality among the under 50s has decreased slightly. The excess mortality in France during the 1st wave of Covid-19, was lower than in Spain, Italy or Belgium, but comparable to the European average.
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Schaller and Eck analyze intergenerational financial and informal care transfers following a shock: loss of income, widowhood, health shocks. Following a health shock, parental donations to children decrease, whereas following widowhood, parental donations increase. Following negative income shocks, children from low-income households increase financial transfers to parents, and children from all backgrounds provide more informal care following a wide range of negative shocks.
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Bianchi F., Bianchi G. and Song have studied the impact of the economic recession due to the health crisis on mortality and life expectancy in a NBER article. The authors estimate that the impact of the recession on unemployment will be 2 to 5 times greater than in past economic shocks, and ultimately the recession will increase mortality rates and decrease life expectancy. This crisis could thus lead to 0.8 million additional deaths in the next 15 years.
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Mulligan published an article on NBER that looks at mortality over the year 2020, up to the first week of October 2020. From March onwards, excess mortality is estimated at 250,000 deaths. The author is interested in the number of non-covid excess deaths that may be due to despair, drugs, suicide or alcohol. Men aged between 15 and 55 years, especially the youngest 15-25 years, are the most concerned by these excess non covid deaths. The pandemic and recession have been associated with a 10-60% increase in deaths due to despair.
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Fadlon, Plesner Lyngse and Heien Nielsen published an article in NBER on the impact of early labour market experiences on long-term careers. Using the context of the Danish physician labor market, they show that an unfavorable early career start has a long-term impact on women's careers but temporary disruptions in men's careers. These may be due to differences in family obligations, competitive attitudes and mentoring.
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Lusardi, Mitchell and Oggero published an article in the NBER studying debt management among Americans between the ages of 51 and 61. Although this age group most often has a high level of savings, some older Americans have accumulated debt due to student loans, non-payment of health care costs and having children of school age. They show in this article that having financial education has a significant (negative) impact on having excessive debt and being contacted by debt collectors. People with financial education are also more likely to plan for retirement and save.
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Grenet and Souidi published a study entitled "Multi-college sectors in Paris: what results after three years" in the 62nd IPP note, which evaluates the "multi-college sectors" experiment that has been set up in the city of Paris to promote greater social diversity. The results at the third year are positive, and the system has led to greater social diversity and a reduction in the number of people avoiding private schools.
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An article by Gupta At., Howell, Yannelis and Gupta Ab. of NBER investigates the effects of ownership of private equity in health care services on the well-being of patients in retirement homes. Using difference-in-differences methods to compare retirement homes that are funded by private equity with those that are not, the authors show that privately PE nursing homes increase short-term patient mortality by 10%, or 20,150 lives lost over the past 20 years. Other measures of patient well-being decrease even as taxpayer spending increases by 11% for each patient. This is due to fewer nurses, and more expense items dedicated to monitoring, interest and rent.
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The OECD WISE Centre (Well-being, Inclusion, Sustainability & Equal Opportunity) has published a report "Securing the Recovery, Ambition, and Resilience for the Well-being of Children in the post-Covid-19 decade". In this report, the authors describe the adverse impacts of the Covid health crisis on children's well-being; increased poverty and inequality, increased parental stress and anxiety, school closures and distance learning exacerbate inequalities among children resulting in deteriorating mental health and loneliness. In addition, the health crisis can have long-term effects on the schooling, health and well-being of the most vulnerable children. To combat these effects, the OECD proposes a five-pillar public policy framework: 1/ Systematize the assessment of child well-being, 2/ mobilize financial resources, 3/ establish a clear distribution of responsibilities between the different actors, 4/ ensure quality services for the most vulnerable children and 5/ ensure political commitment and goals in terms of child well-being.
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The N°401 of Céreq Bref by Agostino, Fournier and Stephanus deals with "exploded employment, precariousness and training: getting out of the vicious circle". Split employment refers to a phenomenon where individuals accumulate different and discontinuous jobs over the same year. It can be durably precarious, particularly in certain sectors (tourism, hotels and restaurants, or associations). The use of training is still insufficient for these workers, whose sectors are moreover seriously affected by the health crisis.
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Schwandt and von Wachter published an article in the IMF's Finance & Development magazine "The long shadow of an unlucky start" that shows the negative effects for young people of entering the labor market in times of crisis. The authors show that the 6.8 million young Americans entering the labor market could not benefit from nearly $400 billion in income because of the crisis. Governments must therefore invest in youth policies: job search assistance, incentives for part-time work, and wage subsidies for young entrants.
Indeed, studies show that young people entering the labor market in times of crisis may experience episodes of unemployment, have lower self-confidence, commit more crime, and lack confidence in government. The poverty of these young entrants can also have effects on their health; they are more likely to have alcohol problems and to be obese.
The negative effects of entering the labour market at the time of a crisis are spread throughout life. They estimate that the young generations of 2020 entering the labour market will have a life expectancy of 1 to 1.5 years less than the other generations. These adverse effects may thus have demographic effects; fewer marriages, a higher divorce rate and fewer children per woman.
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Céreq Bref, No. 400, analyzes data from the Defis system to assess the career aspirations of young employees. All young employees value the quality of work in their professional aspirations. Five types of career aspirations emerged from the data: 1. for 31% of young employees, the desire to progress internally by blossoming in their work. 2. the desire to work in an environment where they are able to develop their skills. 2. for 16% of young employees, the desire to create their own job or company in order to become more independent and responsible. 3. for 16% of young employees, the desire to find a job commensurate with their qualifications and who are therefore dissatisfied with the work they do. 4. 22% of young employees want to prioritize a better work-life balance because of working conditions considered too restrictive. 5. 15% of young employees do not plan to change careers.
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Blanchflower and Bryson published an article on the NBER "Job satisfaction over the life course" which examines the relationship between union membership and job satisfaction over the life course. They find that there is a negative correlation between union membership and job satisfaction.
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The OECD published a booklet "Promoting an Age-Inclusive Workforce" which shows that with demographic ageing, the workforce in companies will be multi-generational and it is a great opportunity for companies to take advantage of this multi-skilled workforce. This report presents examples and policy recommendations for employers to develop an inclusive workforce; including recommendations in terms of recruitment, retirement policies, promotion of lifelong learning and occupational health prevention.
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The OECD published its 2020 edition of the "Pensions Outlook" which examines possible public policies to improve the sustainability and resilience of pension systems.
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Deshpande published an article on the NBER "How disability benefits in early life affect long-term outcomes" evaluating the "Supplemental Security Income" program that provides financial assistance to families of children with disabilities. It shows that removing this assistance from young people with disabilities, aged 18 years old, decreases resources for the family and penalizes siblings, who will have lower incomes as adults.
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Duguet and Le Clainche published an article "The socioeconomic and gender impacts of health events on employment transitions in France: a panel data study". This study shows that life accidents have weaker effects on employment than chronic diseases but generate more inequalities between workers. Women and the least educated workers are the most disadvantaged and most go from work to inactivity.
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The EconomiX laboratory publishes its newsletter which summarizes the research carried out by the teams and the next activities of the laboratory.
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Céreq published n°399 of Le Céreq Bref reporting an "Insertion more difficult for young people who fail at the entrance to higher education". This study shows that young people who have failed their baccalaureate at university have a more difficult entry into the labor market with an unemployment rate of 24%. Failed high school graduates are more likely to return to school, but the propensity to persevere is very unequal according to the income of the high school graduate or his or her family. Vocational baccalaureate holders, who represent 62% of failed graduates, rarely return to school.
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Altonji, Hynsjo and Vidangos published an article called "Marriage dynamics, earnings dynamics, and lifetime family income" that examines the determinants of family income for men and women. As a result, marital status has a much greater effect on family income for women than for men. While labour market shocks have larger effects on men's family income than women's.
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Carta, D'Amuri, von Wachter have published an article on the NBER "Worforce Aging, pension reforms and firms outcome" which shows the impact of the retirement age shift on firms' inputs. An increase in the number of older workers would lead to an increase in the number of younger workers, higher value added and higher labor costs at unchanged productivity and unit costs.
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The ILVV and the CNAV have distributed the 19th Newsletter on Research on Aging which presents the latest research on "Covid-19 and the elderly" and in particular the studies, surveys and research in progress in the human and social sciences on the impact of the health crisis on the lives of the elderly.
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Gérond'if has published the results of the Confidences survey "Confinement of retirees at home during covid-19", which analysed the impact of confinement on elderly people living at home in the Ile-de-France region. This qualitative and quantitative study showed that retirees showed great adaptability during confinement, that they were afraid that the pandemic would leave a pejorative image for the elderly and that they found themselves more destabilized by deconfinement.
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Bertrand, Drouhet and Fall of the Caisse des Dépôts published a study on the creation of two indicators that ensure the neutrality of the search engine of "Mon Compte Formation", which ensures neutrality between training organizations. Today Mon Compte Formation records 1 million searches per day.
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The European Commission published a Green Paper on Ageing "Promoting solidarity and responsibility between generations" in January 2021. Demographic ageing is inevitable in Europe; 30% of the European population will be over 65 years old in 2070. The Green Paper presents the extent of the phenomenon of demographic ageing in Europe and the consequences it will have on the labour market, lifelong skills, health policies, public spending, quality of life and access to infrastructure and services for the elderly.
The European Commission is launching a debate on the actions to be taken to accompany demographic ageing. At the end of the debate, it will present a series of measures to address the challenges of ageing.
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The alliance for skills patronage has published the results of the 2nd skills patronage barometer. Skills patronage has grown significantly in recent years and the 2nd barometer shows the extent of this phenomenon: 9% of French companies are committed to serving the general interest, a number multiplied by 4 over the last 10 years.
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