Showing 1 - 10 of 10
This paper presents and explains cross country data for mandatory publicly and privately managed pension systems around the world. This report is organized into three parts corresponding to three broad types of indicators. These indicators relate to: (i) the relevant contextual factors referred...
Persistent link: https://www.econbiz.de/10010553464
Pension fund charges reduce the rate of return on pension accounts in some countries by up to by two percentage points. Do charges of this scale undermine the case for funded pension provision? How can governments hold back costs and charges? This paper looks at evidence from thirteen coutries,...
Persistent link: https://www.econbiz.de/10008676611
This paper aims to examine the impact of type of pension scheme on retirement behavior. Section 1 describes a simple, theoretical model of optimal retirement. Section 2 introduces an empirical model of a simple retirement savings plan, or defined contribution pension scheme. Section 3 compares...
Persistent link: https://www.econbiz.de/10008676669
A critical question in the transition to a funded, private pension system is whether the new private element is presented as a mandate or choice to current and future workers. This report sets out the spectrum of available options and looks at policy in 13 reforming countries-Argentina, Bolivia,...
Persistent link: https://www.econbiz.de/10008676704
This paper examines the evolution of the pension system in Britain. In particular, it focuses on the shift from pay-as-you-go, state-run defined-benefit pensions to individual, private-sector, funded defined-contribution accounts. It looks at three issues in this reform: the financing of the...
Persistent link: https://www.econbiz.de/10008676730
This paper surveys 11 international comparative studies of poverty, income distribution, and the elderly. Although it focuses on OECD economies, some 44 countries are covered. The paper addresses a series of questions. What level are the incomes of the elderly relative to the population as a...
Persistent link: https://www.econbiz.de/10008676732
This paper, the first in a series on public information, and pension reform to explore issues examining a range of country experiences, looks at the experience in the United Kingdom (UK), where a number of initiatives to improve general, and individual pension information, are described, and...
Persistent link: https://www.econbiz.de/10008676783
Because defined-contribution systems expose pensions to a number of risks, reforming governments have often strictly regulated the pension fund industry's structure, performance, and investments. This paper compares the rules in the new systems of Latin America and Eastern Europe with richer...
Persistent link: https://www.econbiz.de/10008676794
The regulation and supervision of pension funds is a critical part of building public confidence in a funded-pension system. This report argues that confidence is best bolstered by an independent, autonomous, and transparent supervision agency, particularly when previous systems have failed. The...
Persistent link: https://www.econbiz.de/10008676824
This report makes an international comparison of the tax treatment of funded pensions and finds that the expenditure-tax system is the best way of taxing pensions because it does not distort the decision whether to consume now or save and consume in the future, unlike the comprehensive income...
Persistent link: https://www.econbiz.de/10008676837