IMF Staff Country Reports

Luxembourg: Selected Issues

September 4, 1998

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Luxembourg: Selected Issues, (USA: International Monetary Fund, 1998) accessed October 7, 2024

Summary

This Selected Issues paper provides a quantitative assessment of the long-term prospects of the Luxembourg pension system and analyzes possible reform options. The results indicate a need to adopt—at an early stage and while the problems are still relatively tractable—measures to dampen the growth of pension expenditure. Otherwise, there is a risk that rising taxes or deficits could have detrimental effects on incentives for work, investment, and innovation, and result in an unsustainable slowdown of economic growth.

Subject: Aging, Expenditure, Labor, Labor force participation, Pension spending, Pensions, Population and demographics, Retirement

Keywords: Aging, CR, Early retirement, Europe, IMF UR, ISCR, Labor force participation, Luxemburg, Non-resident worker, Pension benefit, Pension outlay, Pension scheme, Pension spending, Pensions, Policy option, Private sector, Private sector worker, Public-sector worker, Railways worker, Rate of return, Retirement, Retirement age, Western Europe, Worker

Publication Details

  • Pages:

    20

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 1998/067

  • Stock No:

    1LUXEA0011998

  • ISBN:

    9781451824247

  • ISSN:

    1934-7685