IMF Staff Country Reports

Norway: Selected Issues

Publication Date:

April 8, 1999

Electronic Access:

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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.

Series:

Country Report No. 1999/011

Subject:

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