Considerations in Pension Reforms: A Review of the Challenges to Sustainability and Distributive Impartiality

Evangelos Koutronas () and Siew-Yong Yew ()
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Evangelos Koutronas: Faculty of Economics and Administration, University of Malaya
Siew-Yong Yew: Faculty of Economics and Administration, University of Malaya

Malaysian Journal of Economic Studies, 2017, vol. 54, issue 1, 159-177

Abstract: This paper examines the impact of welfare reforms on the sustainability of public pension schemes. The paper reviewed past and current literature and practices of various countries to evaluate the effectiveness of reforms used from the aspect of structural and systemic parameters focusing on sustainability and distributive impartiality. This review concludes that there are no ideal pension scheme but there are reforms that have shown to be beneficial to the sustainability and distributive impartiality of pension systems and such reforms should be applied in combination to suit the economic dynamism of each individual country.

Keywords: Pension reforms; public pensions (search for similar items in EconPapers)
JEL-codes: E17 E21 H55 (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:mjr:journl:v:54:y:2017:i:1:p:159-177

DOI: 10.22452/MJES.vol54no1.8

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