Antolín, Pablo; Suyker, Wim - Economics Department, Organisation de Coopération et … - 2001
, pension outlays are currently relatively low and substantial financial assets have been accumulated in the Government … Petroleum Fund. However, without reforms, due to the maturing of the pension system, ageing will lead to one of the biggest … increases in pension spending as a share of GDP in OECD countries over the next 50 years. This paper thus, after exploring the …