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Pensions in the Middle East and North Africa: time for change

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Author Info
Robalino, David
Whitehouse, Edward
Mataoanu, Anca
Musalem, Alberto
Sherwood, Elisabeth
Sluchynsky, Oleksiy

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Abstract

While other regions — Central and Eastern Europe and Latin America in particular — have been active in pension reform, the Middle East and North Africa have lagged behind. In part this is because of the belief that favourable mean financial problems are still far in the future and pension reform is therefore not a priority. However, pension systems in the Middle East and North Africa face important structural problems. They distort the economy, tend to favour middle- and high-income workers at the expense of low-income workers and cover only a modest share of the workforce (33% on average), mostly workers in the public sector and the formal private sector. Financial problems are also starting to develop: even if favorable demography persists, benefit promises are out of line with contribution rates and retirement ages. This book puts forward a comprehensive framework to guide discussion about pension reform in the Middle East and North Africa.

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Publisher Info
Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 10448.

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Date of creation: 2005
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Handle: RePEc:pra:mprapa:10448

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Related research
Keywords: pensions; retirement; Middle East; North Africa;

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Find related papers by JEL classification:
J14 - Labor and Demographic Economics - - Demographic Economics - - - Economics of the Elderly; Economics of the Handicapped
H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions
I32 - Health, Education, and Welfare - - Welfare and Poverty - - - Measurement and Analysis of Poverty

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

  1. Disney, Richard & Whitehouse, Edward, 2001. "Cross-country comparisons of pensioners’ incomes," MPRA Paper 16345, University Library of Munich, Germany. [Downloadable!]
  2. Jeanine Bailliu & Helmut Reisen, 1997. "Do Funded Pensions Contribute to Higher Aggregate Savings?: A Cross-Country Analysis," OECD Development Centre Working Papers 130, OECD, Development Centre. [Downloadable!]
    Other versions:
  3. Whitehouse, Edward, 1999. "The tax treatment of funded pensions," MPRA Paper 14173, University Library of Munich, Germany. [Downloadable!]
  4. James, Estelle & Edwards, Alejandra Cox & Wong, Rebecca, 2003. "The gender impact of pension reform : a cross-country analysis," Policy Research Working Paper Series 3074, The World Bank. [Downloadable!]
  5. Philip R. Gerson & Peter S. Heller & G. A. Mackenzie & Alfredo Cuevas, 2002. "Pension Reform and the Fiscal Policy Stance," IMF Working Papers 01/214, International Monetary Fund. [Downloadable!]
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Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Robalino, David A. & Bodor, Andras, 2006. "On the financial sustainability of earnings-related pension schemes with"pay-as-you-go"financing and the role of government indexed bonds," Policy Research Working Paper Series 3966, The World Bank. [Downloadable!]
    Other versions:
  2. Robalino, David & Bogomolova, Tatyana, 2006. "lmplicit Pension Debt in the Middle-East and North Africa: Magnitude and Fiscal lmplications," MPRA Paper 12016, University Library of Munich, Germany. [Downloadable!]
    Other versions:
  3. Dorfman, Mark & Hinz, Richard & Robalino, David, 2008. "The Financial Crisis and Mandatory Pension Systems in Developing Countries: Short- and Medium-term Responses," MPRA Paper 12254, University Library of Munich, Germany, revised Dec 2008. [Downloadable!]
  4. Whitehouse, Edward, 2007. "Pensions panorama: retirement-income systems in 53 countries," MPRA Paper 14797, University Library of Munich, Germany. [Downloadable!]
  5. Vittas, Dimitri & Impavido, Gregorio & O'Connor, Ronan, 2008. "Upgrading the investment policy framework of public pension funds," Policy Research Working Paper Series 4499, The World Bank. [Downloadable!]
Statistics
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