This article surveys the relationship between public and private pension provision in the countries of the Organisation for Economic Co-operation and Development. OECD. Population ageing has led many OECD countries to undertake a wide range of pension reforms. The overall effect of these reforms has in many cases been to reduce public pension promises, often signficantly. This, in turn, has increased the role of private pensions, which have expanded significantly in a number of countries. The article discusses the extent to which a number of countries will need to further increase private provision in order to guarantee adequate future retirement incomes.
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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number
10344.
Find related papers by JEL classification: H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions G23 - Financial Economics - - Financial Institutions and Services - - - Pension Funds; Other Private Financial Institutions
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