Norway: Selected Issues
April 8, 1999
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This Selected Issues paper reviews the main elements of the National Insurance Scheme (NIS) and the Family Allowance Scheme (FAS) in Norway and provides projections of future pension expenditures. All persons residing or working in Norway are insured under the NIS, and the system is financed on a pay-as-you-go basis through contributions and from general tax revenue. The paper demonstrates that indexing pensions to wages, in line with recent practice, would result in a large net liability by the year 2050, which could be reduced by indexing pensions instead to consumer prices.
Subject: Aging, Banking, Exchange rates, Expenditure, Foreign exchange, Inflation targeting, Labor, Monetary policy, Pension spending, Pensions, Population and demographics
Keywords: Aging, asset ratio, Central and Eastern Europe, CR, Europe, exchange rate, exchange rate targeting, Exchange rates, export-price deflator, Global, import price equation, import-price deflator, Inflation targeting, ISCR, North America, Northern Europe, pension, Pension spending, Pensions, SPF assets, SPF currency basket
Pages:
71
Volume:
1999
DOI:
Issue:
011
Series:
Country Report No. 1999/011
Stock No:
1NOREA0011999
ISBN:
9781451829655
ISSN:
1934-7685
