## Pension Regimes and Saving

_Occasional Papers, September 10, 1997_

## Source details

**Canonical URL:** [Pension Regimes and Saving](https://www.imf.org/en/publications/occasional-papers/issues/2016/12/30/pension-regimes-and-saving-2312)

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- [Markdown version](/en/publications/occasional-papers/issues/2016/12/30/pension-regimes-and-saving-2312/index.md)
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## Bibliographic details
- Authors: Alfredo Cuevas, George A Mackenzie, Philip R. Gerson
- Published: September 10, 1997
- Series: Occasional Papers
- DOI: https://doi.org/10.5089/9781557756404.084

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### Summary
- Public pension systems around the world have been criticized for serious flaws, including:
  - the excessive burden they impose on the public finances
  - their depressing impact on saving rates
- The study:
  - analyzes the impact of pension systems and pension reform on saving
  - pays particular attention to the impact of the introduction of defined-contribution plans like that of Chile
  - surveys the literature on the impact of pension regimes on saving
  - discusses some recent reforms
  - addresses the role of private pension plans

### Authors and Publication Date
- By Alfredo Cuevas, George A Mackenzie, Philip R. Gerson
- September 10, 1997

### Major Themes and Analysis
- Impact on public finances:
  - Public pension systems impose an excessive burden on public finances (as stated in the study summary).
- Impact on saving rates:
  - Pension systems are described as having a depressing impact on saving rates.
- Defined-contribution plans:
  - The study pays particular attention to the impact of introducing defined-contribution plans, exemplified by Chile.
- Literature survey and recent reforms:
  - The study surveys existing literature on pension regimes and saving and discusses some recent reforms.
- Role of private pension plans:
  - The study addresses the role of private pension plans in the broader pension regime and saving context.

### Subjects and Keywords
- Subject: Aging, Expenditure, Labor, National accounts, Pension spending, Pensions, Population and demographics, Private savings, Retirement
- Keywords: Africa, Aging, Baltics, company pension plans, Eastern Europe, OP, pension saving, Pension spending, Pensions, Private savings, private sector saving, rate, Retirement, saving, saving rate, savings vehicle, voluntary saving, work history

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_Source: https://www.imf.org/en/publications/occasional-papers/issues/2016/12/30/pension-regimes-and-saving-2312_