• There are benefits from Latin American pension reform, but they have been overestimated. • The approaches taken in second-generation reforms and their still early results hold lessons for OECD and non-OECD countries alike. • A partial shift to funding is feasible and can be financed in...

1. Economists and policymakers increasingly use the word “actuarial” in the analysis of pension systems and retirement incentives. But the debate is often confused. “Actuarial fairness” and “actuarial neutrality” are promoted loosely as desirable goals of pension reform. This paper...

<OL><LI>In most OECD countries, the structure of the pension system does not give much potential for individual choice. The Swiss pension system is a particularly interesting case in this respect. Switzerland relies heavily on privately-managed, fully-funded pensions, which employers are obliged to...</li></ol>

Reforming pensions is one of the biggest challenges of the century. All OECD countries have to adjust to the ageing of their populations and re-balance retirement income provision to keep it adequate and ensure that the retirement income system is financially sustainable. Demographers have been...

• Les réformes des régimes de retraite en Amérique latine ont eu des effets bénéfiques, cependant surestimés. • Tous les pays, Membres ou non Membres de l'OCDE, peuvent tirer profit des approches et des premiers résultats des réformes de « deuxième génération ». • Une...

This second edition of Pensions at a Glance updates all the important indicators of retirement-income systems developed for the first edition. The values of all pension system parameters reflect the situation in the year 2004. The general approach adopted is a “microeconomic” one, looking at...

Die Probleme der osteuropäischen Länder und der DDR beim Übergang zu marktwirtschaftlichen Systemen waren das Thema eines wissenschaftlichen Kolloqiums am 5./6. April 1990. Der Aufsatz bringt eine Zusammenfassung der folgenden Beiträge: Staatsminister August Lang sprach zu wirtschaftlichen...

Vor allem im Sektor Energie und Grundstoffe haben europäische Großunternehmen eine starke Stellung; 14 der 25 weltweit größten Unternehmen stammen aus Europa (z.B. BASF, Shell). Weniger günstig ist die Position im Investitions- und Konsumgüterbereich.Die Strategien sind geprägt vom Trend...