Implicit pension debt: issues, measurement and scope in international perspective

Robert Holzmann, Robert Palacios () and Asta Zviniene

No 30153, Social Protection Discussion Papers and Notes from The World Bank

Abstract: This paper argues that it is important to take into account unfunded public pension liabilities as part of an assessment of the overall fiscal situation, including the fiscal positions of pension schemes pre and post reforms. It examines the concept of the implicit pension debt (IPD) and presents estimates for 35 low and middle income countries based on a consistent methodology and assumptions. The policy conclusions stress the need for standardized international reporting of this indicator.

Keywords: Banks&Banking Reform; Pensions&Retirement Systems; Economic Stabilization; Economic Theory&Research; Environmental Economics&Policies (search for similar items in EconPapers)
Date: 2004-03-01
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Citations: View citations in EconPapers (52)

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