Aging Populations and Public Pension Schemes

December 30, 1996

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Format: Chicago

Sheetal K. Chand, and Albert Jaeger. Aging Populations and Public Pension Schemes, (USA: International Monetary Fund, 1996) accessed November 21, 2024

Summary

This paper discusses a study analyzing aging populations and public pension schemes. An aging society is characterized by a growing proportion of the retired to the active working population. The study examines the pension-related aging problem primarily from a fiscal perspective. It analyzes how prospective demographic developments that affect the proportion of the pensionable elderly affect pension outlays. It confirms that very serious fiscal stresses are in prospect for most industrial economies. Addressing such problems satisfactorily will require major actions early, given the long lead times involved in reforming a pension fund's financial position.

Subject: Aging, Expenditure, Fiscal policy, Fiscal stance, Labor, Pension spending, Pensions, Population and demographics, Retirement

Keywords: Aging, Contribution rate, Fiscal stance, Global, Indexation option, OP, PAYG, PAYG system, Pension liability, Pension spending, Pensions, Population aging, Rate, Replacement rate, Retirement

Publication Details

Pages:

58
Volume:

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DOI:

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Issue:

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Series:

Occasional Paper No. 1996/013
Stock No:

S147EA0000000
ISBN:

9781557756206
ISSN:

0251-6365

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