The Experts below are selected from a list of 18177 Experts worldwide ranked by ideXlab platform

Patrick Ring - One of the best experts on this subject based on the ideXlab platform.

  • “Risk” and UK Pension Reform
    Social Policy & Administration, 2003
    Co-Authors: Patrick Ring
    Abstract:

    “Risk” is a word that has become common currency in the financial services industry in general, and in the Pensions industry in particular. This article critically examines its use in the context of the current debate about UK Pension Reform. “Risk” is used by a broad spectrum of interests to discuss a wide range of Pension issues in a variety of contexts. The article outlines key theoretical perspectives on the nature and construction, or conceptualization, of risk. Their relevance to debate and policy initiatives, particularly public Pension policy, is examined. It is suggested that current government policy is failing to carry with it those to whom the policy applies; that Reforms implicitly, if not explicitly, underestimate the importance of “security”; and that failure to conduct a much broader debate about the fundamental notions of work, retirement, saving and security may simply condemn the UK to interminable Pension Reform.

Robert Holzmann - One of the best experts on this subject based on the ideXlab platform.

  • Pension Reform in europe process and progress
    World Bank Publications, 2003
    Co-Authors: Robert Holzmann, Mitchell A Orenstein, Michal Rutkowski
    Abstract:

    Few topics on the economic Reform agenda attract more attention in countries throughout Western, Central, and Eastern Europe than Pension Reform. And there is hardly any other area in the European policy debate where Reform progress has been more uneven between countries. The difference between need and outcome does not appear to reflect underlying Reform pressures, so what are the causes this unevenness? 'Pension Reform in Europe' represents a major attempt to solve this puzzle, with contributions from leading scholars and practitioners in economics and political sciences. This book shows the current stage of knowledge in the Pension area, and indicates areas needing further research. The research should lead to a better understanding of process and progress of European Pension Reform, for the benefit of the Reform agenda in Europe and other regions of the world.

  • Pension Reform in Europe: Process and Progress - Pension Reform in Europe : Process and Progress
    2003
    Co-Authors: Robert Holzmann, Mitchell A Orenstein, Michal Rutkowski
    Abstract:

    Few topics on the economic Reform agenda attract more attention in countries throughout Western, Central, and Eastern Europe than Pension Reform. And there is hardly any other area in the European policy debate where Reform progress has been more uneven between countries. The difference between need and outcome does not appear to reflect underlying Reform pressures, so what are the causes this unevenness? 'Pension Reform in Europe' represents a major attempt to solve this puzzle, with contributions from leading scholars and practitioners in economics and political sciences. This book shows the current stage of knowledge in the Pension area, and indicates areas needing further research. The research should lead to a better understanding of process and progress of European Pension Reform, for the benefit of the Reform agenda in Europe and other regions of the world.

  • Pension Reform in europe process and progress
    Research Papers in Economics, 2003
    Co-Authors: Robert Holzmann, Mitchell A Orenstein, Michal Rutkowski
    Abstract:

    Pension Reform is an important topic, high on the agendas of most European countries, where countries are profoundly affected by an aging population, the result of lower fertility, and increased life expectancy, changes in family structure, and the effects of globalization. The book presents seven papers on the political economy of European Pension Reform, where clearly, major Reforms are needed, to ensure the sustainability of retirement income systems. However, Reform programs will need to combine measures to delay retirement; introduce changes in the benefit structure; and, diversify the sources of retirement income, to better balance individuals' risks. Subjects address the need to accelerate the European Pension Reform agenda, and compares the making of Pension privatization in Latin America with that in Eastern Europe. Furthermore, subjects look at democracy and structural Pension Reform in continental Europe, focusing on the aging population, the electoral behavior, and early retirement impacts, on the basis of commitment, and consensus - or the lack thereof - to Pension Reform. Most interestingly, one of the subjects questions, and further analyzes, the wide differences of social policy models among transition economies, to finalize with a look at the diffusion of Pension innovation. These subjects provide insight into the process, and progress of European Pension Reform, to the benefit of the Reform agenda in other regions as well.

  • the world bank approach to Pension Reform
    International Social Security Review, 2000
    Co-Authors: Robert Holzmann
    Abstract:

    This paper highlights the World Bank’s thinking and worldwide involvement in Pension Reform. Both are driven by the Bank’s mandate to help countries develop economically and to reduce poverty. The Bank has four key concerns in working with clients on Pension policy: (1) short-term financing and long-term financial viability; (2) effects on economic growth; (3) adequacy and other distributive issues; and (4) political risk and sustainability. In response to these concerns and after review of the three main Reform options for unfunded systems - mere PAYG Reform, a rapid and complete shift to a mandatory funded system, and a gradual shift to a multipillar scheme - the Bank clearly favours the multipillar approach but in a pragmatic and country-specific manner. When helping to implement a Pension Reform the Bank fully takes account of country preferences and circumstances, bases its support on sound Reform criteria, links the client assistance with knowledge management, provides training and other measures to enhance the Reform capacity of a country, and seeks cooperation with other international institutions. In addition, the Bank has a comprehensive research agenda to improve the working of multipillar schemes, and the investigations include issues of coverage, administrative costs and annuities.

Horst Siebert - One of the best experts on this subject based on the ideXlab platform.

  • Social Security Pension Reform in Europe - Social Security Pension Reform in Europe
    2002
    Co-Authors: Martin Feldstein, Horst Siebert
    Abstract:

    Social Security in the United States and in Europe is at a critical juncture. Through essays assembled in "Social Security Pension Reform in Europe", Martin Feldstein and Horst Siebert, along with a number of distinguished contributors, discuss the challenges facing Social Security Reform in the aging societies of Europe. A remarkable range of European nations - Germany, France, Finland, the Netherlands, Poland, Romania, Italy, Sweden, the United Kingdom and Hungary - have implemented or are about to implement mixed Social Security systems that combine a traditional defined benefit of the pay-as-you-go system with an individual retirement account defined contribution of a capital-funded system. The essays here highlight the problems that the European Pension Reform process faces and how it differs from that of the United States. This timely volume should significantly enrich the debate on Pension Reform worldwide.

  • social security Pension Reform in europe
    NBER Books, 2002
    Co-Authors: Martin Feldstein, Horst Siebert
    Abstract:

    Social Security in the United States and in Europe is at a critical juncture. Through essays assembled in "Social Security Pension Reform in Europe", Martin Feldstein and Horst Siebert, along with a number of distinguished contributors, discuss the challenges facing Social Security Reform in the aging societies of Europe. A remarkable range of European nations - Germany, France, Finland, the Netherlands, Poland, Romania, Italy, Sweden, the United Kingdom and Hungary - have implemented or are about to implement mixed Social Security systems that combine a traditional defined benefit of the pay-as-you-go system with an individual retirement account defined contribution of a capital-funded system. The essays here highlight the problems that the European Pension Reform process faces and how it differs from that of the United States. This timely volume should significantly enrich the debate on Pension Reform worldwide.

Johanna Wallenius - One of the best experts on this subject based on the ideXlab platform.

  • a life cycle model of health and retirement the case of swedish Pension Reform
    Journal of Public Economics, 2015
    Co-Authors: Tobias Laun, Johanna Wallenius
    Abstract:

    Abstract Sweden is one of the few Western economies to have undertaken a large Pension Reform in recent years. This was done with great expectations, but little formal analysis. In this paper we develop a life cycle labor supply model to quantify the predicted labor supply implications of this Reform. In our framework, individuals choose when to stop working and, given eligibility criteria, when/if to apply for disability and Pension benefits. Agents are heterogeneous in skills and receive exogenous shocks to health throughout their life. We find that the new Pension system creates large incentives for the continued employment of older workers. This is promising news for countries grappling with Pension Reform, and indicates that there are significant lessons to be learned from the Swedish case.

John Piggott - One of the best experts on this subject based on the ideXlab platform.

  • Pension Reform and labor supply flexibility vs prescription
    Research Papers in Economics, 2015
    Co-Authors: Erik Hernaes, John Piggott, Simen Markussen, Knut Roed
    Abstract:

    We exploit a comprehensive restructuring of the early retirement system in Norway in 2011 to examine labor supply responses to alternative Pension Reform strategies relying on improved work incentives (flexibility) or increased access ages (prescription), respectively. We find that increasing the returns to work is a powerful policy tool: The removal of the earnings test at age 63 led to an immediate increase in average annual labor earnings among the affected mature workers by around $14,700 (NOK 90,000). The implied uncompensated labor earnings elasticity (the percentage change in average gross earnings relative to the percentage change in average work-incentives) is around 0.25.

  • China - Pension Reform and the development of Pension systems : an evaluation of World Bank assistance
    2007
    Co-Authors: Lu Bei, John Piggott
    Abstract:

    This report evaluates the relationship between the World Bank and China in terms of the latter's Reform of Pension from 1995 to present, since it was from the mid-90s that World Bank activity in the Pension Reform area began to gain momentum in China. The structure of this report is as follows: Chapter 2 introduces the economic and demographic context of Pension Reform in China. Chapter 3 describes the way in which Pension Reform has been conceived and undertaken. With this material as backdrop, the authors then describe Bank assistance to China's Pension Reform (Chapter 4), and assess the impact of Bank assistance in the Reform process, at both the conceptual and implementation levels (Chapter 6). Chapter 7 draws some lessons for the future engagement of the Bank in Pension Reform in China; Chapter 8 concludes. On a Cost-Benefit basis, the contribution made by the World Bank on Pension Reform in China has been extraordinary. But on an absolute basis, more should be done, considering not only the national, but the global dimensions of this issue. Overall, the report has assessed the Bank's and China's performance very positively.

  • Pension Reform and the development of Pension systems an evaluation of world bank assistance
    2006
    Co-Authors: Edward Palmer, Emily S. Andrews, John Piggott, Pier Marco Ferraresi, Elsa Fornero, Salvador Valdesprieto, Rafael Rofman, Hazel Bateman, Jorge San Martino, Debby Kim Wang
    Abstract:

    This report analyzes the Bank's assistance to support Pension Reform to determine if the Bank's strategy was relevant and if it was followed. The evaluation assesses whether Pension Reform decisions reflected best practice guidelines at entry, and whether Bank-assisted Reforms achieved their social, macroeconomic, and financial objectives. The report also evaluates the Bank's assistance in building institutional capacity, coordinating within the Bank, and cooperating with other international organizations. Finally, the evaluation summarizes these findings and presents specific recommendations for the future.