Pensions are a major policy issue in developed and developing countries alike. However, pension reform is challenging and controversial because it involves long-term planning by governments faced with numerous short-term pressures. It often provokes heated debates and, sometimes, street protests.
Countries can learn valuable lessons from others’ pension systems and their experiences of retirement-income reforms. However, national pension systems are very complicated, involving much institutional, technical, and legal elements. Consequently, international comparisons are very difficult to undertake, making it difficult to transfer policy lessons between countries. Hence, this publication aims to fill this gap, with a particular focus on countries in the Asia/Pacific regions.
This study combines rigorous analysis with clear and easy-to-understand presentations of empirical results. It does not advocate any particular kind of pension system or type of reform. The goal is to inform debates on retirement-income systems with data that people with different visions for the future of pensions can all use as a reference point.
There is no simple remedy for fixing the post-crisis global economy. But three key ingredients for sustainable long-term growth are jobs, equality and trust, said OECD Secretary-General in Washington.
Public trust is the cornerstone of effective governance, the main ingredient to promote economic growth and social progress. Like never before, our citizens have doubts about their government’s capacities to make the right decisions. Therefore, we need to take the necessary measures to recover that confidence, said OECD Secretary-General.
The NZ labour market is among the most flexible in the OECD, and outcomes for its young people have been among the best. However, labour-market opportunities are heavily determined by initial education, where New Zealand’s system is also successful and innovative in many ways.
Development aid policies have helped developing countries reduce extreme poverty, strengthen institutional frameworks and develop a middle class. But there are still 2.4 billion people living in poverty and inequalities in many countries are still at record levels, and in some cases rising, said OECD Secretary-General.
Young people have been hit hard by unemployment during the Irish recession. While much research has been undertaken to study the effects of the recession on overall labour market dynamics, little is known about the specific effects on youth unemployment and the associated challenges.
Important challenges for the future of Austrian well-being arise from demographic and environmental trends. The ageing of the population calls for a fair balance between life-time pension contributions and entitlements, drawing on the recent pension reform.
Austria enjoys strong material well-being and high quality of life. Steady convergence with top GDP per capita levels translated into decisive improvements in household disposable incomes while significant redistribution has ensured low income inequality and poverty.
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Why Should We Care about High & Growing Inequality? How Unequal Are OECD Societies? Has Gap between Rich & Poor Widened? Possible Culprits in Growing Divide - What OECD Evidence Tells Us about Main Culprits - Importance of Tax/Benefit Systems - What Was the Impact of the Recent Great Recession? What Can Policies Do to Reduce Too-high Inequality?
Street protests are back on the global political scene. Do these movements reflect a frustrated middle class who feel the chill of the global economic crisis? Or are there more profound shifts at play?