Pension Policies in the OECD Countries: Background and Trends

34 Pages Posted: 15 Feb 2006

See all articles by Robert Holzmann

Robert Holzmann

University of Malaya; IZA Institute of Labor Economics; CESifo (Center for Economic Studies and Ifo Institute); World Bank

Date Written: September 13, 1988

Abstract

Concerns about restructuring old-age income provisions and reforming public pension schemes are an OECD-wide phenomenon. This paper highlights first the background of the reform debate. Despite the divergences in the structure of public pension schemes, the main pressures for reform are strikingly similar across the OECD area and thus can be discussed under three broad headings: budgetary, economic, and social. The reform trends are presented in the second part of the paper and highlight the central features of the current reform process: reform, not revolution; extension of basic provisions; strengthening social adequacy and individual equity; and redistributing the sources of old-age income.

JEL Classification: 1221, 9150, 9180

Suggested Citation

Holzmann, Robert, Pension Policies in the OECD Countries: Background and Trends (September 13, 1988). IMF Working Paper No. 88/85, Available at SSRN: https://ssrn.com/abstract=885024

Robert Holzmann (Contact Author)

University of Malaya ( email )

University of Malaya
Kuala Lumpur, Wilayah Persekutuan 50603
Malaysia

IZA Institute of Labor Economics

P.O. Box 7240
Bonn, D-53072
Germany

CESifo (Center for Economic Studies and Ifo Institute)

Poschinger Str. 5
Munich, DE-81679
Germany

World Bank ( email )

1818 H Street, NW
Washington, DC 20433
United States

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