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The aim of this article is to determine the actuarial financial profitability and the “actuarial” age of retirement for men retiring above the age of 55 with a single pension from the private sector and no interruption to their payment career. France is characterized by considerable differences in mortality between social categories and these lead to significant redistributions. The application of the actuarial fairness concept would lead to a noticeable difference in the age of retirement by social category in order to compensate for these mortality differences. The Geneva Papers (2007) 32, 570–582. doi:10.1057/palgrave.gpp.2510145

Redistributive Impact of Differential Mortality in the French Pay-As-You-Go System