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One indicator of retirement behaviour that abstracts from more general factorsaffecting the level of participation rates is the average effective age at which older workers withdraw from the labour force
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.
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.
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.
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.
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.
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.
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.
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.