IMF Staff Country Reports

Norway: Selected Issues

April 8, 1999

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Norway: Selected Issues, (USA: International Monetary Fund, 1999) accessed November 25, 2024

Summary

This Selected Issues paper reviews the main elements of the National Insurance Scheme (NIS) and the Family Allowance Scheme (FAS) in Norway and provides projections of future pension expenditures. All persons residing or working in Norway are insured under the NIS, and the system is financed on a pay-as-you-go basis through contributions and from general tax revenue. The paper demonstrates that indexing pensions to wages, in line with recent practice, would result in a large net liability by the year 2050, which could be reduced by indexing pensions instead to consumer prices.

Subject: Aging, Banking, Exchange rates, Expenditure, Foreign exchange, Inflation targeting, Labor, Monetary policy, Pension spending, Pensions, Population and demographics

Keywords: Aging, Asset ratio, Central and Eastern Europe, CR, Europe, Exchange rate, Exchange rate targeting, Exchange rates, Export-price deflator, Global, Import price equation, Import-price deflator, Inflation targeting, ISCR, North America, Northern Europe, Pension, Pension spending, Pensions, SPF assets, SPF currency basket

Publication Details

  • Pages:

    71

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 1999/011

  • Stock No:

    1NOREA0011999

  • ISBN:

    9781451829655

  • ISSN:

    1934-7685