Pension systems in 27 EU countries (original) (raw)
Related papers
2003
The findings, interpretations, and conclusions expressed herein are those of the author(s) and do not necessarily reflect the views of the Board of Executive Directors of the World Bank or the governments they represent. The World Bank does not guarantee the accuracy of the data included in this work. The boundaries, colors, denominations, and other information shown on any map in this work do not imply any judgment on the part of the World Bank concerning the legal status of any territory or the endorsement or acceptance of such boundaries.
Pension Reform in Southeastern Europe
2008
Main Pension System Parameters, Republic of Srpska Contents xix The papers and country statements in this volume were prepared for the conference "International Forum on Pension Reform: Exploring the Link to Labor and Financial Market Reforms," held in Bled, Slovenia, June 7-9, 2007. The contributions have since been revised and updated. The conference was an initiative of the Center of Excellence in Finance (CEF) and was organized in close cooperation with Robert Holzmann of the World Bank and with Slovenian experts. Among the more than 140 presenters and participants were senior government officials from ministries of finance, ministries of labor and social affairs, and central banks in Southeastern Europe who presented country statements on vision and progress in pension, labor, and financial sector reforms. Other invited experts explored the reform needs of pension systems, labor markets, and financial markets and exchanged country-specific experiences. Pension reform is at the center of public debate in many countries around the world. Given the importance of its social and macroeconomic implications, it confronts policy makers, practitioners, and academia with challenging questions. The diverse reform needs of pension systems in aging societies, which are further stressed by the pressures of globalization, require parallel Preface xxi xxii Preface the conference and in the preparation of this volume. Neither would have come about without his valuable inputs. Among Slovenian contributing experts, we especially thank Dušan Kidrič from the Institute of Macroeconomic Analysis and Development, Gonzalo Caprirolo from the Ministry of Finance, and Damjan Kozamernik from the Bank of Slovenia for their advice on preparation of the conference. We extend our thanks to the panelists from ministries of finance, central banks, and ministries of labor in the CEF member countries who accepted the invitation to share their valuable views with others. We are also grateful to the presenters, supported by their institutions, who shared their views and country cases with the conference. Most of the panelists and presenters responded to our request to submit written statements and background papers for this publication in order to add to the research work on the topic of pension reform combined with labor market and financial market reform. We are grateful to Landis MacKellar of the International Institute for Applied Systems Analysis (IIASA), Vienna, who transformed these statements and background papers into a manuscript. Book design, editing, and production were coordinated by the World Bank's Office of the Publisher. Nancy Levine edited the manuscript.
La réforme des pensions: principes, erreurs analytiques et orientations générales
Revue Internationale de Sécurité Sociale, 2009
This article, based on two books (Barr and Diamond 2008, forthcoming), sets out a series of principles for pension design rooted in economic theory: pension systems have multiple objectives, analysis should consider the pension system as a whole, analysis should be framed in a second-best context, different systems share risks differently, and systems have different effects by generation and by gender. That discussion is reinforced by identification of a series of widespread analytical errors -errors that appear in World Bank work, but by no means only in World Bank work: tunnel vision, improper use of first-best analysis, improper use of steady-state analysis, incomplete analysis of implicit pension debt, incomplete analysis of the impact of funding (including excessive focus on financial flows, failure to consider how funding is generated, and improper focus on the type of asset in trust funds), and ignoring distributional effects.
Pension reforms in European countries
2015
Very different types of pension systems do exist in European countries. These pension systems have been elaborated fully after 1945. During the last twenty years, the various pension systems have been revised, reformed and changed in various ways. The research
Pension system reforms in the EU15 countries
Econometric Reviews, 2009
The article gives an overview of pension system reforms that have been carried out in the EU15 since the beginning of the 1990s. It first of all briefly describes the main common features that the pension systems share and the basic differences that set them apart within this group of countries, all of which are confronted with the ageing problem and its social and fiscal implications. The paper then presents the main types of reform that have been implemented. Major structural reforms have only been made in a few countries, while the values of the parameters used for calculating pension rights have been revised and reforms made to public sector workers’ pension schemes practically everywhere. The way in which the reforms have been carried out in the countries that seemed to offer interesting case studies – Germany, the Netherlands, France, Sweden, Italy and Austria – is also examined. Following these reforms, several countries seem to have managed to contain the growth of their exp...