Pensions: Policies, new reforms and current challenges

Research output: Book/ReportBook

1 Citation (Scopus)

Abstract

The ongoing global financial crisis, coupled with the continued dramatic increases in life expectancy, have escalated the concerns countries have regarding the sustainability of their pension systems and how these retirement schemes will be financed. From 1998 to 2008, close to 30 countries embarked on privatizing reforms to their pension programs. Some of these countries introduced new pension reforms directed at private individual accounts while reducing the size of the state social security system. The focus of other reforms during this period varied but was primarily aimed at strengthening basic protection for economically at-risk older individuals, increasing benefit coverage and/or improving the overall fiscal sustainability of these systems. However, the move towards greater coverage and sustainability was interrupted by the worldwide financial meltdown. This has led to a reassessment of pension systems and reform approaches. This volume was assembled to review the status of pension reforms globally and to gain a glimpse of the trends emerging as countries adjust to the new age of macroeconomic worldwide uncertainty. The chapters in this volume provide concise, clear and dispassionate discussions on these trends and reforms as well as frank appraisals of the consequences of alternative policies. Experts from Europe, the United States and the emerging economies of Brazil, China and India approach pension reform and reassessment from different perspectives; however, each provide forthright analyses and assessment of the consequences of the "new normal".

Original languageEnglish (US)
PublisherNova Science Publishers, Inc.
Number of pages331
ISBN (Print)9781629489582, 9781629489568
StatePublished - Jan 1 2014
Externally publishedYes

Fingerprint

Pension reform
Pension policy
Sustainability
Pension system
Global financial crisis
Retirement
Social security system
China
Fiscal sustainability
Emerging economies
Pensions
Macroeconomics
Life expectancy
India
Brazil
Uncertainty

ASJC Scopus subject areas

  • Economics, Econometrics and Finance(all)

Cite this

Pensions : Policies, new reforms and current challenges. / Reilly, Thomas.

Nova Science Publishers, Inc., 2014. 331 p.

Research output: Book/ReportBook

Reilly T. Pensions: Policies, new reforms and current challenges. Nova Science Publishers, Inc., 2014. 331 p.
Reilly, Thomas. / Pensions : Policies, new reforms and current challenges. Nova Science Publishers, Inc., 2014. 331 p.
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