The other day, economist Tyler Cowen made an offhand observation that took me aback a bit: that the French, today, enjoy “the longest financed retirements ever seen in the history of the world.”
Verifying the “history of the world” part is beyond my historical skill level. That said, the OECD’s Pensions at a Glance report from 2023 confirms that French retirees are enjoying a lot of years off the job.
French men, per the report, left the labor force at an average age of 60.7. At that point, they have a life expectancy of 84, meaning they can expect 23.3 years in retirement, longer than any of the other countries the OECD examined (mostly rich peer nations plus a few select others). French women can expect 26.1 years in retirement, which is beaten by Luxembourg, Spain, Slovenia, and the w