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Public Pension Reform: A Primer

Author/Editor: Jousten, Alain
Authorized for Distribution: February 1, 2007
Electronic Access: Free Full Text (PDF file size is 259KB)
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Disclaimer: This Working Paper should not be reported as representing the views of the IMF. The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate.

Summary: 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.
 
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Series: Working Paper No. 07/28
Subject(s): Pensions | Social security | Aging | Financial safety nets | Public sector
Author's keyword(s): Household behavior | welfare programs | social security | pension funds | demographic trends | retirement
 
English  
    Published:   February 1, 2007        
    ISBN/ISSN:   1934-7073   Format:   Paper
    Stock No:   WPIEA2007028   Pages:   36
    Price:   US$18.00 (Academic Rate: US$18.00 )
       
     
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