Pension Policies in the OECD Countries: Background and Trends

International Monetary Fund

No 1988/085, IMF Working Papers from International Monetary Fund

Abstract: Concerns about restructuring old-age income provisions and reforming public pension schemes are an OECD-wide phenomenon. This paper highlights first the background of the reform debate. Despite the divergences in the structure of public pension schemes, the main pressures for reform are strikingly similar across the OECD area and thus can be discussed under three broad headings: budgetary, economic, and social. The reform trends are presented in the second part of the paper and highlight the central features of the current reform process: reform, not revolution, extension of basic provisions; strengthening social adequacy and individual equity; and redistributing the sources of old-age income.

Keywords: WP; OECD country; provision; country; member country; income support; OECD member country; retirement age; labor market; expenditure growth; Pensions; Aging; Income; Personal income; Retirement; Global (search for similar items in EconPapers)
Pages: 34
Date: 1988-01-01
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