Research Catalog

Title

Coverage of Private Pension Systems [electronic resource]: Evidence and Policy Options / Pablo Antolin, Stéphanie Payet and Juan Yermo

Author

Antolin, Pablo.

Publication

Paris : OECD Publishing, 2012.

Details

Additional Authors

• Payet, Stéphanie.
• Yermo, Juan.

Description

37 p.; 21 x 29.7cm.

Summary

To adapt pension systems to demographic trends, many countries are reducing pay-as-you-go public pension levels and lifting retirement ages. In this context, funded pensions could play a major role to avoid adequacy gaps. Yet, as this paper shows, the coverage of funded private pensions, as measured by enrolment rates, is highly uneven across countries and between individuals, especially in voluntary systems. Some countries have made funded pensions compulsory (e.g. Australia, Chile) or quasimandatory (e.g. Denmark, the Netherlands) to ensure that most workers are covered and therefore have access to a sufficiently high complementary pension. However, in other countries with relatively low pay-as-you-go public pension benefits, funded private provision remains voluntary. The low level of funded pensions' coverage in such countries should be a major policy concern. Recent policy initiatives in Germany and New Zealand, involving the introduction of financial incentives (and auto enrolment in New Zealand) have been effective in raising coverage to the highest levels among voluntary pension arrangements, but coverage gaps remain that need to be addressed.

Series Statement

OECD Working Papers on Finance, Insurance and Private Pensions, 2079-7117 ; no.20

Uniform Title

OECD Working Papers on Finance, Insurance and Private Pensions, no.20.

Subject

Finance and Investment

LCCN

10.1787/5k94d6gh2w6c-en

OCLC

oecd-lib-002003

Author

Antolin, Pablo.

Title

Coverage of Private Pension Systems [electronic resource]: Evidence and Policy Options / Pablo Antolin, Stéphanie Payet and Juan Yermo

Imprint

Paris : OECD Publishing, 2012.

Series

OECD Working Papers on Finance, Insurance and Private Pensions, 2079-7117 ; no.20

OECD Working Papers on Finance, Insurance and Private Pensions, 2079-7117 ; no.20.

Connect to:

http://dx.doi.org/10.1787/5k94d6gh2w6c-en

Indexed Term

Finance and Investment

Added Author

Payet, Stéphanie.

Yermo, Juan.

Other Standard Identifier

10.1787/5k94d6gh2w6c-en doi