Public Pension Reform: A Primer

Alain Jousten

No 2007/028, IMF Working Papers from International Monetary Fund

Abstract: 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.

Keywords: WP; pension plan; rate of return; early retirement; present discounted value; investment strategy; household behavior; welfare programs; social security; pension funds; demographic trends; retirement; risk pooling; adverse selection; retirement age; PRA proposal; plan sponsor; PRA saving; economic value; PRA investor; Pensions; Pension spending; Aging; Insurance; Europe; Africa; Asia and Pacific (search for similar items in EconPapers)
Pages: 36
Date: 2007-02-01
References: Add references at CitEc
Citations: View citations in EconPapers (8)

Downloads: (external link)
http://www.imf.org/external/pubs/cat/longres.aspx?sk=20207 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:imf:imfwpa:2007/028

Ordering information: This working paper can be ordered from
http://www.imf.org/external/pubs/pubs/ord_info.htm

Access Statistics for this paper

More papers in IMF Working Papers from International Monetary Fund International Monetary Fund, Washington, DC USA. Contact information at EDIRC.
Bibliographic data for series maintained by Akshay Modi ().