Public Pension Reform: A Primer
38 Pages Posted: 11 Feb 2007
Date Written: February 2007
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: Suggested Citation