Research Catalog

Title

Assessing the 2005 Czech Proposals for Pension Reform [electronic resource] / Philip Hemmings and Edward Whitehouse

Author

Hemmings, Philip.

Publication

Paris : OECD Publishing, 2006.

Details

Additional Authors

Whitehouse, Edward.

Description

30 p.; 21 x 29.7cm.

Summary

The Czech Republic faces one of the largest demographic challenges in the OECD area and making sure the public pension system is able to cope with rapid population ageing is important for long-term fiscal stability and social welfare. This paper assesses five proposals for pension reform made in late 2005 with a view to helping progress towards a final decision on reform. The proposals cover a wide range of options: only parametric change of the current pay-as-you-go (PAYG) system, systems combining a PAYG pension with a second-pillar (defined-contribution), a flat-rate pension and a system of notional accounts. The analysis uses OECD simulation models to compare the proposals in terms of fiscal sustainability, safety nets, early retirement incentives, diversification into private provision, simplicity and the pensions-earnings link. This Working Paper relates to the 2006 OECD Economic Survey of the Czech Republic (www.oecd.org/eco/surveys/czech).

Series Statement

OECD Economics Department Working Papers, 1815-1973 ; no.496

Uniform Title

OECD Economics Department Working Papers, no.496.

Subject

• Economics
• Czech Republic

LCCN

10.1787/887367463834

OCLC

oecd-lib-002105

Author

Hemmings, Philip.

Title

Assessing the 2005 Czech Proposals for Pension Reform [electronic resource] / Philip Hemmings and Edward Whitehouse

Imprint

Paris : OECD Publishing, 2006.

Series

OECD Economics Department Working Papers, 1815-1973 ; no.496

OECD Economics Department Working Papers, 1815-1973 ; no.496.

Connect to:

http://dx.doi.org/10.1787/887367463834

Indexed Term

Economics

Czech Republic

Added Author

Whitehouse, Edward.

Other Standard Identifier

10.1787/887367463834 doi