Worldwide Diversity in Funded Pension Plans: Four Role Models on Choice and Participation

39 Pages Posted: 16 May 2015

See all articles by Manuel Enrique Garcia Huitron

Manuel Enrique Garcia Huitron

Inter-American Development Bank (IDB)

Eduard H.M. Ponds

Algemene Pensioen Groep (APG); Tilburg University - Department of Economics; Netspar; Tilburg University - Center for Economic Research (CentER)

Date Written: May 15, 2015

Abstract

This paper provides an in-depth comparison of funded pension savings plans around the world. The large variety in plan designs is a reflection of historical, cultural and institutional diversity. We postulate a new classification of four role models of funded pension plans, primarily based on choice architecture and type of regulation. We illustrate the features of each role model with twelve representative pension plan case studies from eleven countries. Valuable lessons can be learned from international best practices, but we avoid making any normative comparison.

Keywords: private sector pensions, funding, DB, DC, pension regulation, behavioral economics

JEL Classification: G23, G28, H55, J32

Suggested Citation

Garcia Huitron, Manuel Enrique and Ponds, Eduard H.M., Worldwide Diversity in Funded Pension Plans: Four Role Models on Choice and Participation (May 15, 2015). Available at SSRN: https://ssrn.com/abstract=2606616 or http://dx.doi.org/10.2139/ssrn.2606616

Manuel Enrique Garcia Huitron

Inter-American Development Bank (IDB) ( email )

1300 New York Avenue NW
Washington, DC 20577
United States

Eduard H.M. Ponds (Contact Author)

Algemene Pensioen Groep (APG) ( email )

P.O. Box 75283
Amsterdam, 1070 AG
Netherlands

Tilburg University - Department of Economics

P.O. Box 90153
Tilburg, 5000 LE
Netherlands

Netspar

P.O. Box 90153
Tilburg, 5000 LE
Netherlands

Tilburg University - Center for Economic Research (CentER) ( email )

Tilburg

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