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Pensions are a major component of public expenditure, and a target for governments looking to streamline budgets. What are countries doing to manage costs at a time when populations are ageing at an accelerated pace?
This paper compares notional defined-contribution pension schemes (also known as notional accounts) with two alternative designs of earnings-related pension schemes: points systems and definedbenefit plans.
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The OECD’s “Average-Wage” (AW) concept is commonly used as a benchmark for tax-benefit and pension modeling. The purpose of this paper is to examine whether it is possible to use richer sets of earnings data in order to customize these modeling exercises.
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The pensionable age is the most visible parameter of retirement-income systems. This paper surveys pensionable ages in the OECD for a period of a century: back to 1950 and forward to 2050.
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16-September-2010
English, , 587kb
Presentation at "Different dimensions of the quality of life, Turning Economic Growth into Better Quality of Life in Europe" Brussels on 14th September 2010.
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Populations across the OECD are ageing. In the 1950s, there were around 7 workers on average for every retiree in OECD countries. By 2010 this ratio had fallen to 4 to 1. And the cost of public pension systems keeps rising. By 2060, public spending on pensions will account for 12.5% of GDP in the European Union.
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This review of Israeli labour market and social policy finds that Israel has enjoyed strong economic growth over the last decade but the benefits of this are being distributed unevenly.
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17-September-2009
English, Excel, 387kb
The needs of a household grow with each additional member but – due to economies of scale in consumption– not in a proportional way. With the help of equivalence scales each household type in the population is assigned a value in proportion to its needs.
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Special pensions for workers in hazardous or arduous jobs have long been a feature of the pension landscape and, recently, they are the subject of a great deal of debate. This paper discusses the incidence, structure and justification of these special pension schemes in OECD countries.
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23-June-2009
English, , 371kb
The German pension system has so far been less affected by the crisis than many other OECD countries... Replacement rates for low-earners are the lowest within the OECD at 43.0%. But coverage of private pensions is high, especially for lower earners, compared with other OECD countries.<
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