IDEAS home Printed from https://ideas.repec.org/
MyIDEAS: Login to save this paper or follow this series

Taking stock of pension reforms around the world

  • Schwarz, Anita M.
  • Demirguc-Kunt, Asli

Countries around the world are reforming their pension systems. Most are reforming to reduce thefiscal costs of their existing pension systems. A few young countries are establishing new systems or are increasing the generosity of their current systems, although perhaps not always taking into account the future fiscal costs entailed in the increased generosity. The purpose of the paper is to provide a brief summary and evaluation of recent pension reforms around the world. Section 2 briefly discusses why so many countries had to reform in recent years. Section 3 describes different types of potential reform options. Section 4 provides statistics on which reform options the countries are choosing. Section 5 provides an evaluation of different reform options taking into account fiscal, intergenerational and political economy costs. The last section concludes that the only way to effectively solve the pension system issue on a permanent basis is to move toward the fully-funded defined contribution reforms currently underway in Latin America, Australia, Poland, and Kazakhstan under consideration in a variety of other countries.

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

File URL: http://www-wds.worldbank.org/servlet/WDSContentServer/WDSP/IB/2000/08/19/000094946_00081905490126/Rendered/PDF/multi_page.pdf
Download Restriction: no

Paper provided by The World Bank in its series Social Protection Discussion Papers with number 20533.

as
in new window

Length:
Date of creation: 31 May 1999
Date of revision:
Handle: RePEc:wbk:hdnspu:20533
Contact details of provider: Postal: 1818 H Street, N.W., Washington, DC 20433
Phone: (202) 477-1234
Web page: http://www.worldbank.org/
Email:


More information through EDIRC

No references listed on IDEAS
You can help add them by filling out this form.

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

When requesting a correction, please mention this item's handle: RePEc:wbk:hdnspu:20533. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Raiden C. Dillard)

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.

This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.