Pension Reform in Small Developing Countries
Author: Thomas C. Glaessner
Publisher: World Bank Publications
Published: 1998
Total Pages: 70
ISBN-13:
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The Political Economy of Reform Lessons from Pensions, Product Markets and Labour Markets in Ten OECD Countries
Author: Tompson William
Publisher: OECD Publishing
Published: 2009-08-24
Total Pages: 501
ISBN-13: 9264073116
DOWNLOAD EBOOKBy looking at 20 reform efforts in ten OECD countries, this report examines why some reforms are implemented and other languish.
Assessing Chile's Pension System: Challenges and Reform Options
Author: Samuel Pienknagura
Publisher: International Monetary Fund
Published: 2021-09-10
Total Pages: 52
ISBN-13: 151359611X
DOWNLOAD EBOOKChile’s pension system came under close scrutiny in recent years. This paper takes stock of the adequacy of the system and highlights its challenges. Chile’s defined contribution system was quite influential when introduced, and was taken as an example by other countries. However, it is now delivering low replacement rates relative to OECD peers, as its parameters did not adapt over time to changing demographics and global returns, while informality persists in the labor market. In the absence of reforms, the system’s inability to deliver adequate outcomes for a large share of participants will continue to magnify, as demographic trends and low global interest rates will continue to reduce replacement rates. In addition, recent legislation allowing for pension savings withdrawals to counter the effects from the COVID-19 pandemic, is projected to further reduce replacement rates and increase fiscal costs. A substantial improvement in replacement rates is feasible, via a reform that raises contribution rates and the retirement age, coupled with policies that increases workers’ contribution density.
Old-age Income Support in the 21st Century
Author: Robert Holzmann
Publisher: World Bank Publications
Published: 2005-01-01
Total Pages: 246
ISBN-13: 082136040X
DOWNLOAD EBOOKThe past decade has brought an increasing recognition to the importance of pension systems to the economic stability of nations and the security of their aging populations. This report attempts to explain current policy thinking and update the World Bank's perspective on pension reform. This book incorporates lessons learned from recent Bank experiences and research that have significantly increased knowledge and insight regarding how best to proceed in the future. The book has a comprehensive introduction and two main parts. Part I presents the conceptual underpinnings for the Bank's thinking on pension systems and reforms, including structure of Bank lending in this area. Part II highlights key design and implementation issues where it signals areas of confidence and areas for further research and experience, and includes a section on regional reform experiences, including Latin American and Europe and Central Asia.
The Challenge of Public Pension Reform in Advanced and Emerging Economies
Author: Mr.Benedict J. Clements
Publisher: International Monetary Fund
Published: 2013-01-25
Total Pages: 86
ISBN-13: 147556631X
DOWNLOAD EBOOKPension reform is high on the policy agenda of many advanced and emerging market economies. In advanced economies the challenge is generally to contain future increases in public pension spending as the population ages. In emerging market economies, the challenges are often different. Where pension coverage is extensive, the issues are similar to those in advanced economies. Where pension coverage is low, the key challenge will be to expand coverage in a fiscally sustainable manner. This volume examines the outlook for public pension spending over the coming decades and the options for reform in 52 advanced and emerging market economies.
Pensions at a Glance 2019 OECD and G20 Indicators
Author: OECD
Publisher: OECD Publishing
Published: 2019-11-27
Total Pages: 224
ISBN-13: 9264876103
DOWNLOAD EBOOKThe 2019 edition of Pensions at a Glance highlights the pension reforms undertaken by OECD countries over the last two years. Moreover, two special chapters focus on non-standard work and pensions in OECD countries, take stock of different approaches to organising pensions for non-standard workers in the OECD, discuss why non-standard work raises pension issues and suggest how pension settings could be improved.
Pension Reform
Author: Robert Holzmann
Publisher: World Bank Publications
Published: 2006
Total Pages: 692
ISBN-13: 082136166X
DOWNLOAD EBOOKThis book presents 25 state of the art papers on the conceptual foundations and issues surrounding Non-financial, or Notional, Defined Contribution (NDC), country implementation of NDC (Italy, Latvia, Poland, and Sweden) and case studies for countries where NDC is figured in the reform debate. This book is intended to be a handbook for academics and policy makers who want to become informed about what NDC is and to learn about the pros and cons of this attractive reform proposal.
Pensions at a Glance 2021 OECD and G20 Indicators
Author: OECD
Publisher: OECD Publishing
Published: 2021-12-08
Total Pages: 224
ISBN-13: 9264641335
DOWNLOAD EBOOKThe 2021 edition of Pensions at a Glance highlights the pension reforms undertaken by OECD countries over the past two years. Moreover, the special chapter focuses on automatic adjustment mechanisms in pensions systems in OECD countries, discusses the usefulness and limitations of these policy instruments, and suggests ways to improve them in order to enhance the capacity of pension systems to fulfil their objectives.
Pension Reform and the Development of Pension Systems
Author: Emily S. Andrews
Publisher: World Bank Publications
Published: 2006
Total Pages: 198
ISBN-13: 0821365525
DOWNLOAD EBOOK"Formal pension systems are an important means of reducing poverty among the aged. In recent years, however, pension reform has become a pressing matter, as demographic aging, poor administration, early retirement, and unaffordable benefits have strained pension balances and overall public finances. Pension systems have become a source of macroeconomic instability, a constraint to economic growth, and an ineffective and/or inequitable provider of retirement income."
Reforming Pensions: Principles and Policy Choices
Author: Nicholas Barr
Publisher: Oxford University Press
Published: 2008-09-17
Total Pages: 785
ISBN-13: 0199885990
DOWNLOAD EBOOKMandatory pensions are a worldwide phenomenon. However, with fixed contribution rates, monthly benefits, and retirement ages, pension systems are not consistent with three long-run trends: declining mortality, declining fertility, and earlier retirement. Many systems need reform. This book gives an extensive nontechnical explanation of the economics of pension design. The theoretical arguments have three elements: * Pension systems have multiple objectives--consumption smoothing, insurance, poverty relief, and redistribution. Good policy needs to bear them all in mind. * Good analysis should be framed in a second-best context-- simple economic models are a bad guide to policy design in a world with imperfect information and decision-making, incomplete markets and taxation. * Any choice of pension system has risk-sharing and distributional consequences, which the book recognizes explicitly. Barr and Diamond's analysis includes labor markets, capital markets, risk sharing, and gender and family, with comparison of PAYG and funded systems, recognizing that the suitable level of funding differs by country. Alongside the economic principles of good design, policy must also take account of a country's capacity to implement the system. Thus the theoretical analysis is complemented by discussion of implementation, and of experiences, both good and bad, in many countries, with particular attention to Chile and China.
