Pension Regimes and Saving

Occasional Papers, September 10, 1997

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Pension Regimes and Saving

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Bibliographic details

• Authors: Alfredo Cuevas, George A Mackenzie, Philip R. Gerson
• Published: September 10, 1997
• Series: Occasional Papers
• DOI: https://doi.org/10.5089/9781557756404.084

Summary

• Public pension systems around the world have been criticized for serious flaws, including:
  • the excessive burden they impose on the public finances
  • their depressing impact on saving rates
• The study:
  • analyzes the impact of pension systems and pension reform on saving
  • pays particular attention to the impact of the introduction of defined-contribution plans like that of Chile
  • surveys the literature on the impact of pension regimes on saving
  • discusses some recent reforms
  • addresses the role of private pension plans

Authors and Publication Date

• By Alfredo Cuevas, George A Mackenzie, Philip R. Gerson
• September 10, 1997

Major Themes and Analysis

• Impact on public finances:
  • Public pension systems impose an excessive burden on public finances (as stated in the study summary).
• Impact on saving rates:
  • Pension systems are described as having a depressing impact on saving rates.
• Defined-contribution plans:
  • The study pays particular attention to the impact of introducing defined-contribution plans, exemplified by Chile.
• Literature survey and recent reforms:
  • The study surveys existing literature on pension regimes and saving and discusses some recent reforms.
• Role of private pension plans:
  • The study addresses the role of private pension plans in the broader pension regime and saving context.

Subjects and Keywords

• Subject: Aging, Expenditure, Labor, National accounts, Pension spending, Pensions, Population and demographics, Private savings, Retirement
• Keywords: Africa, Aging, Baltics, company pension plans, Eastern Europe, OP, pension saving, Pension spending, Pensions, Private savings, private sector saving, rate, Retirement, saving, saving rate, savings vehicle, voluntary saving, work history