The challenges of a transition to mandatory retirement savings in France: risk sharing and financial management.

Summary The back cover states: "The demographic shock is, for most people, associated with an irreversible decline. Societies would thus be unable to overcome the major handicap of an aging population. This is not the case, say the economists gathered in this collective work. However, we need to change our perspective, denounce received ideas and propose fundamental reforms that France, in the idealization of its social model, which is now more than seized up, is struggling to envisage. This vast reorganization requires courage. It is no less than reformulating a new intergenerational social contract, modifying in depth the structure of the labor market and housing, and opening up the horizon with training, health and pension systems that are revisited in their principles as well as in their functioning. A lucid and daring book to get out of the "declinist" thinking that is very much in vogue these days and a toolbox to end these French impasses that are so well described and so little fought.