This International Seminar was composed of four sessions. The first session focused on the topic of Mapping Out Future Pension Scenarios, and was followed by a keynote address: The Future of (Partially) Funded Pension Systems, delivered by Mr. Joshua Rauh of Stanford University.
The second session addressed the issue of Pension Protection. Sustainability and adequacy of pension arrangements is very important in light of the challenges facing pension systems, namely the ageing population, and the current environment of low growth and low returns. At the same time, as designs become more flexible, individuals have more choice and the scope expands to cover other risks, risk management and consumer protections begin to play an important role in pension design.
The third session explored the relationship between mature labour force participation and pension policy: as populations age, the "mature" age cohorts of people in their late 50s and 60s will increase. To counter the headwinds of population ageing it will be vital that the labour force participation rates in these groups increase. Pension policy is an important part of achieving this outcome.
The final session of the INPARR Seminar explored how current pension designs might evolve in the future and what lessons can be drawn from the recent past. The session also looked at how data science, artificial intelligence and other technologies will impact designs.
>> Keynote Address (zip)
>> Presentations Session 2 (zip)
>> Presentations Session 3 (zip)
>> Presentations Session 4 (zip)
Sally Day-Hanotiaux, OECD