Luxembourg: Selected Issues

International Monetary Fund

No 1998/067, IMF Staff Country Reports from International Monetary Fund

Abstract: This Selected Issues paper provides a quantitative assessment of the long-term prospects of the Luxembourg pension system and analyzes possible reform options. The results indicate a need to adopt—at an early stage and while the problems are still relatively tractable—measures to dampen the growth of pension expenditure. Otherwise, there is a risk that rising taxes or deficits could have detrimental effects on incentives for work, investment, and innovation, and result in an unsustainable slowdown of economic growth.

Keywords: ISCR; CR; worker; pension scheme; Luxemburg; retirement age; private sector; early retirement; pension benefit; private sector worker; pension outlay; railways worker; rate of return; non-resident worker; Pensions; Pension spending; Aging; Retirement; Labor force participation; Western Europe; policy option; public-sector worker; IMF UR; Europe (search for similar items in EconPapers)
Pages: 20
Date: 1998-09-04
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