## Aging Populations and Public Pension Schemes

_Occasional Papers, December 30, 1996_

## Source details

**Canonical URL:** [Aging Populations and Public Pension Schemes](https://www.imf.org/en/publications/occasional-papers/issues/2016/12/30/aging-populations-and-public-pension-schemes-3860)

## Other formats

- [Markdown version](/en/publications/occasional-papers/issues/2016/12/30/aging-populations-and-public-pension-schemes-3860/index.md)
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## Bibliographic details
- Authors: Sheetal K. Chand, Albert Jaeger
- Published: December 30, 1996
- Series: Occasional Papers

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### Overview and Objective
- Authors: Sheetal K. Chand, Albert Jaeger
- Publication date: December 30, 1996
- Objective: Analyze pension-related aging problems primarily from a fiscal perspective by examining how prospective demographic developments that affect the proportion of the pensionable elderly affect pension outlays.

### Key Findings
- An aging society is characterized by a growing proportion of the retired to the active working population.
- The study confirms that very serious fiscal stresses are in prospect for most industrial economies.
- Addressing pension-related fiscal problems will require major actions early, given the long lead times involved in reforming a pension fund's financial position.

### Analytical Focus
- Fiscal perspective on population aging and public pension schemes.
- Examination of how demographic developments change the proportion of pensionable elderly and consequent pension outlays.
- Consideration of pension system parameters and their implications for fiscal sustainability.

### Policy Implications and Recommendations (as stated)
- Major actions are required early to address projected fiscal stresses associated with aging populations.
- Reform measures should account for long lead times needed to restore or secure a pension fund’s financial position.

### Subjects and Keywords
- Subjects: Aging, Expenditure, Fiscal policy, Fiscal stance, Labor, Pension spending, Pensions, Population and demographics, Retirement
- Keywords: Aging, contribution rate, Fiscal stance, Global, indexation option, OP, PAYG, PAYG system, pension liability, Pension spending, Pensions, population aging, rate, replacement rate, Retirement

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_Source: https://www.imf.org/en/publications/occasional-papers/issues/2016/12/30/aging-populations-and-public-pension-schemes-3860_