Pension spending efficiency

Boele Bonthuis

Chapter 8 in Handbook on Public Sector Efficiency, 2023, pp 177-196 from Edward Elgar Publishing

Abstract: With declining fertility and rising life expectancy the world’s population is aging. Population aging is one of the driving forces behind rising pension spending, putting pressure on public finances. At the same time the adequacy of pension benefits is still a concern in many countries. To strike the right balance between pension adequacy and fiscal sustainability, pension spending has to be efficient. In other words, for a given level of spending, the value derived by society from the pension system should be maximized while distortions minimized. This chapter explores pension design and design inefficiencies taking into account differing social and economic preferences and level of development.

Keywords: Economics and Finance; Politics and Public Policy (search for similar items in EconPapers)
Date: 2023
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.elgaronline.com/view/edcoll/9781839109164/9781839109164.00015.xml (application/pdf)
Our link check indicates that this URL is bad, the error code is: 503 Service Temporarily Unavailable

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:elg:eechap:19879_8

Ordering information: This item can be ordered from
http://www.e-elgar.com

Access Statistics for this chapter

More chapters in Chapters from Edward Elgar Publishing
Bibliographic data for series maintained by Darrel McCalla ().