The Value of Pension Entitlements: A Model of Nine OECD Countries

Edward Whitehouse ()

No 9, OECD Social, Employment and Migration Working Papers from OECD Publishing

Abstract: Pension systems are complex and comparing them across countries is therefore difficult. This paper adopts standard methodology to calculate prospective pension entitlements in nine countries. The modeling ncludes universal and resource-tested schemes, public and private earnings-related plans and mandatory efined contribution schemes. The results show gross pension benefits for workers on different levels of arnings and pension benefits net of tax. The paper also provides a detailed description of the parameters f the pension system.Retirement-income systems are about social protection, but this paper shows that countries interpret this oal very differently. Some focus on ensuring that pensioners have an adequate retirement income (in bsolute terms). Others base their systems on ensuring pensioners have an adequate income relative to their re-retirement income (or ‘replacement rate’). In Finland and the Netherlands, for example, mandatory ccupational pensions have no ceiling on ... Les systèmes de pensions de retraite sont complexes et procéder à une comparaison des différents pays emeure par conséquence difficile. Ce document suit une méthodologie standard de calcul des droits ventuels de pension de retraite dans neuf pays. Le modèle utilisé inclut des régimes universels et calculés ur les ressources, des plans de pension proportionnels aux salaires (dans le secteur public comme dans le rivé), et des régimes de cotisations définis obligatoires. Ce document fournit également une description étaillée des paramètres du système de pension de retraite.Les systèmes de revenus de retraite concernent la protection sociale, mais ce document montre que les pays nterprètent cet objectif différemment. Certains se concentrent sur des revenus de retraite suffisants pour es retraités (en termes absolus). D’autres basent leurs systèmes selon lequel les retraités ont un revenue uffisant relatif à leur revenu de préretraite (ou « taux de substitution »). En Finlande et aux ...

JEL-codes: H55 J14 J26 (search for similar items in EconPapers)
Date: 2003-06-06
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Citations: View citations in EconPapers (25)

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