Journal Article

Financing the consumption of the young and old in France

This article provides a comprehensive overview of how the financing of consumption at different ages in France is shared between the State, the individual, and the family. By applying the National Transfer Accounts method, we developed a unique database to analyze how the funding of consumption is secured at each age, how its structure has changed over time, and how the consumption is financed in France compared to a set of selected other countries. We find that the elderly in France increasingly finance themselves by accumulating assets, even though public funding of this age group remains significant in France in comparison to other countries. Conversely, the young rely more and more on the State to finance their consumption. Within our sample, France is the country where the young benefited most from public transfers.

Published in a peer-reviewed journal of the Population Council.