Public Pension Reform: A Primer

38 Pages Posted: 11 Feb 2007

See all articles by Alain Jousten

Alain Jousten

University of Liege; IZA Institute of Labor Economics; Netspar; International Monetary Fund (IMF)

Date Written: February 2007

Abstract

The present paper reviews key issues in pension design and pension reform encountered all across the world. The paper heavily refers to the recent U.S. Social Security reform debate in general and to the Personal Retirement Accounts proposal in particular. A particular emphasis is put on annuitization and risk-taking in the economy. Our discussion signals some inadequacy of the proposed measures with respect to the goals of viability of the system and individual financial security during retirement.

JEL Classification: G23, H31, H53, H55, J11, J26

Suggested Citation

Jousten, Alain, Public Pension Reform: A Primer (February 2007). IMF Working Paper No. 07/28, Available at SSRN: https://ssrn.com/abstract=962467 or http://dx.doi.org/10.2139/ssrn.962467

Alain Jousten (Contact Author)

University of Liege ( email )

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Batiment B31
4000 Liege
Belgium
+32 4 366 3198 (Phone)

IZA Institute of Labor Economics

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Germany

Netspar

P.O. Box 90153
Tilburg, 5000 LE
Netherlands

International Monetary Fund (IMF)

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United States

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