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Considerations in Pension Reforms: A Review of the Challenges to Sustainability and Distributive Impartiality

Author

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  • Evangelos Koutronas

    (Faculty of Economics and Administration, University of Malaya)

  • Siew-Yong Yew

    (Faculty of Economics and Administration, University of Malaya)

Abstract

This paper examines the impact of welfare reforms on the sustainability of public pension schemes. The paper reviewed past and current literature and practices of various countries to evaluate the effectiveness of reforms used from the aspect of structural and systemic parameters focusing on sustainability and distributive impartiality. This review concludes that there are no ideal pension scheme but there are reforms that have shown to be beneficial to the sustainability and distributive impartiality of pension systems and such reforms should be applied in combination to suit the economic dynamism of each individual country.

Suggested Citation

  • Evangelos Koutronas & Siew-Yong Yew, 2017. "Considerations in Pension Reforms: A Review of the Challenges to Sustainability and Distributive Impartiality," Malaysian Journal of Economic Studies, Faculty of Business and Economics, University of Malaya & Malaysian Economic Association, vol. 54(1), pages 159-177, June.
    • Handle: RePEc:mjr:journl:v:54:y:2017:i:1:p:159-177
    DOI: 10.22452/MJES.vol54no1.8
    as

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    More about this item

    Keywords

    Pension reforms; public pensions;

    JEL classification:

    • E17 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Forecasting and Simulation: Models and Applications
    • E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth
    • H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions

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