|
Policy and implementation issues in reforming pension systems
In the light of the existing financing problems of pay-as-you-go social
security pension systems and the greater difficulties they will face in future
as the demographic situation deteriorates, the issue of pension reform is
becoming a matter of growing importance in OECD countries, developing
countries and countries in transition. This paper seeks to facilitate
discussion of the underlying economic issues by offering a schematic
presentation of the various benefits and costs arising from the various
alternatives available in respect of reform, with the major emphasis being on
a shift towards funding.
|
|
