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just those at the point of retirement, this approach can provide additional insights on the efficacy of pension systems in … individuals above the 60% relative poverty threshold throughout retirement. Our simulations suggest that the gradual negative … lengthening of the time spent in receipt of retirement benefits. The consumption smoothing function of state pensions has declined …
Persistent link: https://www.econbiz.de/10011259058
Most assessments of pension sustainability focus on the projected fall in spending. However interest in the impact on adequacy, usually measured by replacement rates, is increasing. In this paper we show that replacement rates have significant defects, related to being point-in-time indicators...
Persistent link: https://www.econbiz.de/10011259498
The last two decades have been characterised by significant changes in national pension arrangements. While at first, a consensus seemed to be evolving around a one-size-fits-all reform, more recently the trend has been towards a better customisation of reforms. This paper reviews this process,...
Persistent link: https://www.econbiz.de/10011260707
The article presents an insight into the old age pension system in Cyprus. The introduction is followed by four topic paragraphs: 1. the general information about the country, 2. the historical development of its pension system, 3. the present situation, and 4. challenges and foreseen changes....
Persistent link: https://www.econbiz.de/10009295269
Many of Asia‟s retirement-income systems are ill prepared for the rapid population ageing that will occur over the next … ensure that they are financially sustainable and provide adequate retirement incomes. In some countries – China, Vietnam …, Pakistan, Chinese Taipei – pension levels are high relative to earnings. Early retirement ages, especially for women, provide …
Persistent link: https://www.econbiz.de/10009422100
The article presents an insight into the old age pension system in Bulgaria. The introduction is followed by four topic paragraphs: 1. the general information about the country, 2. the historical development of its pension system, 3. the present situation, and 4. challenges and foreseen changes....
Persistent link: https://www.econbiz.de/10008596411
The ageing of populations and hampering economic growth increase pressure on public fi-nances in many advanced capitalist societies. Consequently, governments have adopted pen-sion reforms in order to relieve pressure on public finances. These reforms have contributed to a relative shift from...
Persistent link: https://www.econbiz.de/10009277869
There are separate pension schemes for civil servants (and often for other public-sector workers) in about half of the world’s countries, including some of the largest developing economies, such as Brazil, China and India. In the higher-income, OECD countries, spending on pensions for...
Persistent link: https://www.econbiz.de/10004991284
other countries’ pension systems and their experiences of retirement-income reforms. However, national pension systems are … can inform debates on retirement-income systems by presenting “hard” data that people with different visions for the … future of pensions can all use as a reference point. International comparisons of retirement-income regimes to date have …
Persistent link: https://www.econbiz.de/10004991287
The article presents an insight into the old age pension system in Italy. The introduction is followed by four topic paragraphs: 1. the general information about the country, 2. the historical development of its pension system, 3. the present situation, and 4. challenges and foreseen changes....
Persistent link: https://www.econbiz.de/10009371828