Sustainability and Adequacy of Pension Systems Across the OECD: Shocks, Robustness and Policies

Falilou Fall

A chapter in The Future of Pension Plans in the EU Internal Market, 2019, pp 87-108 from Springer

Abstract: Abstract Demographic developments are unfavourable for the financing of pension schemes in most OECD countries, implying continued growth in pension expenditure in virtually all OECD countries. This chapter examines the vulnerability of pension systems, with an emphasis on financial sustainability and adequacy. Policy trade-offs and complementarities are reviewed and flanking policies, which could underpin successful pension reforms, are examined. Automatic adjustment mechanisms are highlighted, as are the roles of prudential regulation and buffer or reserve funds in the case of shocks.

JEL-codes: H55 H75 J32 (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:spr:fimchp:978-3-030-29497-7_6

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DOI: 10.1007/978-3-030-29497-7_6

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