This book examines the major economic challenges associated with the sustainability of public pensions, specifically demographic change, labor-market relations, and risk sharing. The issue of public pensions occupies the political and economic agendas of many major governments in the world. International organizations such as the World Bank and the OECD warn that the economic changes driven by an aging society negatively affects the sustainability of pension systems. This book analyzes different global public pension systems to offer policies, methods and tools for sustainable public pensions. Real case studies from France, Sweden, Latin America, Algeria, USA and Mexico are featured.
This book brings together the latest research on equity issues related to pension systems and pension reforms in the post-crisis world.
First published in 1998, this volume was developed as part of the Stockholm Initiative and sets out to assess the situation of providing for retirement and pensions.
Volume 1 of this book offers an assessment of countries that were early adopters before addressing key aspects of policy implementation and design review, including how best to combine basic income provisions with an NDC scheme, how to deal ...
Recommended by Nobel Laureate Robert C. Merton, this book offers the world a first-hand opportunity to learn why the Dutch pension system is so often praised and how it operates.
Laurence J. Kotlikoff and David A. Wise (1989) developed this thesis in a book entitled The Wage Carrot and the Pension Stick: Retirement Benefits and Labor Force Participation. * One type of defined contribution plan, called a “money ...
For example, for those ages 60–64, Duval (2003) findsfi a strong negative relationship between the “implicit tax” on earnings—defined fi as the reduction in public pension wealth from working an additional year—and the percentage change ...
Volume 1 of this book offers an assessment of countries that were early adopters before addressing key aspects of policy implementation and design review, including how best to combine basic income provisions with an NDC scheme, how to deal ...
For China, Baldacci and others (2010) find that a 1 percent increase in public spending on pensions would raise consumption by 11/2 percent. Cross-country econometric estimates in that study also imply that, for emerging Asian economies ...
This exceptional volume examines the challenges faced by pension schemes in the advanced economies and the reforms that have been introduced to tackle these challenges.
Measures to enable a continued tradition of providing old age security will include • raising retirement ages such that pensions are provided in the last 15 years of life, when work capacity traditionally diminishes • encouraging ...