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Providing appropriate financial security for retirement is an issue of crucial importance to OECD Member and non-member countries alike. The approaches adopted to implement the necessary reforms vary depending on each country’s economic, social and demographic environment. Increasingly, however, reform programmes involve the establishment or extension of private pension arrangements -- the focus of attention of the International Network of Pension Regulators and Supervisors (INPRS), a group of over 130 regulatory and supervisory authorities representing more than 60 countries. In April 2001, the INPRS and the OECD (which provides the Secretariat for the Network) brought together policy makers and experts to analyse the key policy implications arising from the growth of private pensions. This volume contains a selection of the papers presented at that meeting.

Pensions -- Congresses. --- Pensions -- Law and legislation -- Congresses. --- Pensions --- Business & Economics --- Labor & Workers' Economics --- Law and legislation --- Compensation --- Pension plans --- Retirement pensions --- Superannuation --- Old age pensions --- Government policy --- Employees --- OASI (Old age and survivors insurance) --- Old age and survivors insurance --- Older people --- Survivors' benefits (Old age pensions) --- Retirement income --- Annuities --- Social security individual investment accounts --- Vested benefits --- Congresses --- Congrès --- Droit --- Insurance

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The paper explores the macroeconomic effects of three public pension reforms, namely an increase in retirement age, a reduction in benefits and an increase in contribution rates. Using a five-region version of the IMF‘s Global Integrated Monetary and Fiscal model (GIMF), we find that public pension reforms can have a positive effect on growth in both the short run, propelled by rising consumption, and in the long run, due to lower government debt crowding in higher investment. We also find that a reform action undertaken cooperatively by all regions results in larger output effects, reflecting stronger capital accumulation due to higher world savings. An increase in the retirement age reform yields the strongest impact in the short run, due to the demand effects of higher labor income and in the long run because of supply effects.

Pensions -- Congresses. --- Pensions -- Finance. --- Pensions. --- Compensation --- Pension plans --- Retirement pensions --- Superannuation --- Retirement income --- Annuities --- Social security individual investment accounts --- Vested benefits --- Banks and Banking --- Macroeconomics --- Public Finance --- Labor --- Social Security and Public Pensions --- Open Economy Macroeconomics --- Interest Rates: Determination, Term Structure, and Effects --- Debt --- Debt Management --- Sovereign Debt --- Macroeconomics: Consumption --- Saving --- Wealth --- Nonwage Labor Costs and Benefits --- Private Pensions --- Pensions --- Finance --- Public finance & taxation --- Pension spending --- Real interest rates --- Public debt --- Consumption --- Pension reform --- Expenditure --- Financial services --- Interest rates --- Debts, Public --- Economics --- United States --- Finance.

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What accounts for the striking decline in labor force participation at increasingly younger ages? Social Security and Retirement around the World examines one explanation: social security programs actually provide incentives for early retirement. This volume houses a set of remarkable papers that present information on the social security systems, and labor force participation patterns, in Belgium, Canada, France, Germany, Italy, Japan, the Netherlands, Spain, Sweden, the United Kingdom, and the United States. "This book is highly recommended for the serious student of retirement age trends and social security old-age pension policies of industrial nations in a cross-national context." Martin B. Tracy, Journal of Sociology and Social Welfare "A path-breaking public-policy study. The authors consistently use a new methodology to evaluate the consequences of retirement systems on the behavior of older workers in eleven industrialized countries. In doing so, the book passes a major test of any conference volume the whole greatly exceeds the sum of its parts. This book without question provides the most consistent cross-national analyses of the work disincentives of retirement programs ever produces. Moreover it will serve as the model for all future efforts of this kind." Journal of Economics

Social security law --- Personnel management --- Social security --- Retirement income --- Old age pensions --- Older people --- Sécurité sociale --- Revenu de retraite --- Pensions de vieillesse --- Personnes âgées --- Congresses --- Economic conditions --- Congrès --- Conditions économiques --- AA / International- internationaal --- 368.43 --- 332.832 --- -Retirement income --- -Old age pensions --- -Aged --- -368.4 --- Aged --- Aging people --- Elderly people --- Old people --- Older adults --- Older persons --- Senior citizens --- Seniors (Older people) --- Age groups --- Persons --- Gerontocracy --- Gerontology --- Old age --- Employees --- OASI (Old age and survivors insurance) --- Old age and survivors insurance --- Retirement pensions --- Survivors' benefits (Old age pensions) --- Pensions --- Income --- Insurance, Social --- Insurance, State and compulsory --- Social insurance --- Insurance --- Income maintenance programs --- Ouderdomsverzekering. Voorbarige dood. Weduwen en wezen. --- Pensioen. Brugpensioen. --- -Congresses --- Sécurité sociale --- Personnes âgées --- Congrès --- Conditions économiques --- 368.4 --- Pensioen. Brugpensioen --- Ouderdomsverzekering. Voorbarige dood. Weduwen en wezen --- Congresses. --- Social security - Congresses --- Retirement income - Congresses --- Old age pensions - Congresses --- Older people - Economic conditions - Congresses --- retiree, aging, age, growing old, elderly, worker, workforce, labor, pay, income, wages, wealth, finance, financial, international, global, study, academic, scholarly, research, incentive, essay collection, belgium, canada, sweden, spain, france, germany, italy, japan, netherlands, united kingdom, usa, trends, industrial, cultural, comparison.