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Public Pension Reform: A Primer

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Author Info
Alain Jousten

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Abstract

The present paper reviews key issues in pension design and pension reform encountered all across the world. The paper heavily refers to the recent U.S. Social Security reform debate in general and to the Personal Retirement Accounts proposal in particular. A particular emphasis is put on annuitization and risk-taking in the economy. Our discussion signals some inadequacy of the proposed measures with respect to the goals of viability of the system and individual financial security during retirement.

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File URL: http://www.imf.org/external/pubs/ft/wp/2007/wp0728.pdf
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Publisher Info
Paper provided by International Monetary Fund in its series IMF Working Papers with number 07/28.

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Length: 36 pages
Date of creation: 08 Feb 2007
Date of revision:
Handle: RePEc:imf:imfwpa:07/28

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Postal: International Monetary Fund, Washington, DC USA
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Related research
Keywords: Pensions ; Social security ; Aging ; Financial safety nets ; Public sector ;

This paper has been announced in the following NEP Reports:

Cited by:
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  1. Ferro, Gustavo, 2008. "On annuities: an overview of the issues," MPRA Paper 15436, University Library of Munich, Germany, revised May 2009. [Downloadable!]
  2. Sergio Clavijo, 2009. "Social Security Reforms in Colombia: Striking Demographic and Fiscal Balances," IMF Working Papers 09/58, International Monetary Fund. [Downloadable!]
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This page was last updated on 2009-11-20.

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