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Public Pension Reform: A Primer

Author

Listed:
  • Mr. Alain Jousten

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.

Suggested Citation

  • Mr. Alain Jousten, 2007. "Public Pension Reform: A Primer," IMF Working Papers 2007/028, International Monetary Fund.
    • Handle: RePEc:imf:imfwpa:2007/028
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=20207
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    Citations

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    Cited by:

    1. Grech, Aaron George, 2013. "How best to measure pension adequacy," LSE Research Online Documents on Economics 51270, London School of Economics and Political Science, LSE Library.
    2. Aggarwal, Raj & Goodell, John W., 2013. "Political-economy of pension plans: Impact of institutions, gender, and culture," Journal of Banking & Finance, Elsevier, vol. 37(6), pages 1860-1879.
    3. Ferro, Gustavo, 2008. "Un impulso al mercado de rentas vitalicias en España [Promoting the annuities market in Spain]," MPRA Paper 20211, University Library of Munich, Germany, revised Jul 2008.
    4. Ferro, Gustavo, 2008. "On annuities: an overview of the issues," MPRA Paper 20209, University Library of Munich, Germany, revised Oct 2009.
    5. repec:cep:sticas:/172 is not listed on IDEAS
    6. Aaron George, Grech, 2014. "Pension policy design: The core issues," MPRA Paper 53662, University Library of Munich, Germany.
    7. Sergio Clavijo, 2009. "Social Security Reforms in Colombia: Striking Demographic and Fiscal Balances," IMF Working Papers 2009/058, International Monetary Fund.

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