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English, PDF, 316kb
Nearly half of Korean seniors live in relative income poverty. This is the highest old-age poverty rate in the OECD countries and nearly four times the OECD average. The old-age dependency ratio in Korea will increase by over 350% in the next 50 years. This is the highest increase among the OECD countries and will leave Korea
as the oldest society by 2062...
English, PDF, 420kb
Old-age poverty is relatively low and publicly-provided services contribute substantially to
maintain adequate living standards of the elderly.Pension replacement rates for future retirees are among the lowest in the OECD, so additional
private savings will be necessary to fill the retirement savings gap...
English, PDF, 378kb
Financial sustainability has been the main concern behind the pension reforms enacted in Greece in the last three years. Retirement-income adequacy may be an important concern for future retirees but working longer may help to make income more adequate...
English, PDF, 348kb
Income poverty rates in old-age are relatively low in Canada but have increased over time. Public transfers contribute less to the incomes of the over 65s than capital...
English, PDF, 354kb
The effective age of labour market exit is low in Belgium in international comparison. Retirement-income adequacy may be an issue for future cohorts of retirees and especially so for low-earners...
English, PDF, 444kb
Old-age poverty decreased in Portugal in the final few years of the last decade by
more than twice the OECD average. The effective age of labour market exit is high in Portugal in international
English, PDF, 347kb
Concerns about the financial sustainability of the pension system, stemming from rapid population ageing and the economic crisis, have driven pension reforms in recent years. Average monetary living standards of the elderly are relatively high today and even more so when the role of housing is considered...
English, PDF, 287kb
Future public pension replacement rates for full career workers in the United Kingdom are amongst the lowest across the OECD, but replacement rates including well-established private pensions are around the OECD average. Proposed reforms and the introduction of Automatic Enrolment should increase pension adequacy in the long-term...
English, PDF, 415kb
Future retirees may expect low pension replacement rates in Germany. Public transfers currently represent a large share of older people’s income in Germany
despite a significant increase in employment rates at older ages work...
English, PDF, 417kb
Future replacement rates for full career workers in Mexico are the lowest in the OECD.More than one in five Mexican people aged over 65 live in poverty. This is the third highest level in OECD countries...