Sustainability and Equity Challenges to Pension Systems: The Case of Lebanon

Mariusz Jarmuzek and Najla Nakhle ()

Journal of Banking and Financial Economics, 2018, vol. 2, issue 10, 52-66

Abstract: Reform of Lebanon’s pension system is indispensable. The country already faces fiscal sustainability risks, which will be compounded in the future by significantly higher pension- related spending and liabilities, mainly reflecting adverse demographics. In addition to sustainability issues, the pension system also suffers from equity shortcomings – Lebanon is the only MENA country that does not offer social security for retirees in the private sector. While several reform proposals have been formulated since the early 2000s, none has been implemented to date. Costs mount with every year of delay, so action is required soon to address these challenges.

Keywords: ageing; demographics; equity; pensions; pension reform; fiscal policy; sustainability (search for similar items in EconPapers)
JEL-codes: E62 H55 J11 (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
http://www.wz.uw.edu.pl/portaleFiles/3842-journal- ... uzek,Nakhle_kor2.pdf (text/html)

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:sgm:jbfeuw:v:2:y:2018:i:10:p:52-66

Access Statistics for this article

More articles in Journal of Banking and Financial Economics from University of Warsaw, Faculty of Management Contact information at EDIRC.
Bibliographic data for series maintained by ().