Economic Issues

The Pension Puzzle: Prerequisites and Policy Choices in Pension Design

Author/Editor:

N. A. Barr

Publication Date:

April 30, 2002

Electronic Access:

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Summary:

Looks at the policy choices involved in creating pension schemes, particularly whether it is advisable to move away from government pay-as-you-go pensions toward private or publicly funded plans. Examines the reasons for the controversy surrounding pension design, and whether the second level of pension systems should be mandatory, private, funded, and defined-contribution.

Series:

Economic Issues No. 2002/002

Subject:

Aging Consumption Expenditure Labor National accounts Pension spending Pensions Population and demographics Retirement