Considerations in Pension Reforms: A Review of the Challenges to Sustainability and Distributive Impartiality

Koutronas, E. and S.-Y. Yew, Considerations in Pension Reforms: A Review of the Challenges to Sustainability and Distributive Malaysian Journal of Economic Studies, 2017. 54(1): p. 159-177.

Posted: 2 Jun 2017

See all articles by Evangelos Koutronas

Evangelos Koutronas

West Virginia University - Department of Mathematics

Siew-Yong Yew

University of Malaya (UM)

Date Written: May 3, 2017

Abstract

This paper examines the impact of welfare reforms on the sustainability of public pension schemes. The paper reviewed past and current literature and practices of various countries to evaluate the effectiveness of reforms used from the aspect of structural and systemic parameters focusing on sustainability and distributive impartiality. This review concludes that there are no ideal pension scheme but there are reforms that have shown to be beneficial to the sustainability and distributive impartiality of pension systems and such reforms should be applied in combination to suit the economic dynamism of each individual country.

Keywords: Pension Reforms, Public Pensions

JEL Classification: E17, E21, H55

Suggested Citation

Koutronas, Evangelos and Yew, Siew-Yong, Considerations in Pension Reforms: A Review of the Challenges to Sustainability and Distributive Impartiality (May 3, 2017). Koutronas, E. and S.-Y. Yew, Considerations in Pension Reforms: A Review of the Challenges to Sustainability and Distributive Malaysian Journal of Economic Studies, 2017. 54(1): p. 159-177., Available at SSRN: https://ssrn.com/abstract=2977706

Evangelos Koutronas (Contact Author)

West Virginia University - Department of Mathematics ( email )

PO Box 6201
Morgantown, WV 26506
United States

Siew-Yong Yew

University of Malaya (UM)

Kuala Lumpur, Wilayah Persekutuan 50603
University of Malaya (UM)
Kuala Lumpur, Wilayah Persekutuan 50603
Malaysia

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