Pension fund asset levels in most countries continued to show strong growth throughout 2010, returning almost to pre-crisis levels, according to a new OECD report. Both economic and financial indicators showed signs of further recovery but the outlook for future economic growth in developed economies remains uncertain and sluggish.
The recent financial crisis has left a hole in the public finances of many countries. Yet, with the right preparation, governments may have been better placed to fund that gap. This holds lessons for future crisis resolution strategies.
This event aimed to help Chile revisit its national strategy on the financial management of catastrophes in light of other OECD country experiences. Beyond Chile, discussions were of relevance to many other participating countries exposed to catastrophic risks.
This roundtable focused on the role of insurance and private pension systems in fostering economic growth, including infrastructure development, innovation, and green growth.
This seminar focused on designing defined-contribution (DC) pension plans, linking the accumulation and payout phases, designing the payout phase of pension systems and annuities and longevity risk.
This paper gathers evidence on public sector pension plans regarding the type of pension promise and quantifies the future tax burden related to these pension promises. The reported liabilities are recalculated using both a fair value approach (local market discount rates) and a common, fixed discount rate across all countries which reflects projected growth in national income.
This paper proposes a framework to help policymakers think about how best develop a national strategy to hedge against the massive economic burden of extreme events that could hit their country tomorrow, focusing specifically on the role that risk transfer mechanisms alternative to traditional insurance can play.
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Discussions at this conference focused on how financial reforms should provide a better, sustainable balance between stability and growth and how measures to strengthen the savings-investment channel should foster sustainable growth and development.
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This article examines the impact of labour, financial and demographic risks on retirement income from DC pension plans, with a special emphasis on labour-market risk.
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