Public Pension Reform: A Primer
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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.
Series:
Working Paper No. 2007/028
Subject:
Aging Expenditure Financial institutions Insurance Labor Pension spending Pensions Population and demographics Retirement
English
Publication Date:
February 1, 2007
ISBN/ISSN:
9781451865929/1018-5941
Stock No:
WPIEA2007028
Pages:
36
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