Economic Issues

The Pension Puzzle: Prerequisites and Policy Choices in Pension Design

ByN. A. Barr

April 30, 2002

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N. A. Barr The Pension Puzzle: Prerequisites and Policy Choices in Pension Design, (USA: International Monetary Fund, 2002) accessed 12/22/2025, https://doi.org/10.5089/9781589061118.051

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Summary

Looks at the policy choices involved in creating pension schemes, particularly whether it is advisable to move away from government pay-as-you-go pensions toward private or publicly funded plans. Examines the reasons for the controversy surrounding pension design, and whether the second level of pension systems should be mandatory, private, funded, and defined-contribution.

Subject: Aging, Consumption, Expenditure, Labor, National accounts, Pension spending, Pensions, Population and demographics, Retirement

Keywords: Aging, Consumption, country, EI, government, government pay-as-you-go system, government pay-as-you-go-plan, pay-as-you-go, pay-as-you-go basis, pay-as-you-go pension, pay-as-you-go scheme, Pension spending, Pensions, Retirement, state pension