Reference : Public Pension Reform: A Primer
E-prints/Working papers : Already available on another site
Business & economic sciences : Economic systems & public economics
Public Pension Reform: A Primer
Jousten, Alain mailto [Université de Liège - ULg > HEC-Ecole de gestion de l'ULg : UER > Théorie monétaire et macroéconomie >]
Washington, D.C.
[en] pension ; social security ; private pensions
[en] The present paper reviews key issues in pension design and pension reform encountered all
<br />across the world. The paper heavily refers to the recent U.S. Social Security reform debate in
<br />general and to the Personal Retirement Accounts proposal in particular. A particular
<br />emphasis is put on annuitization and risk-taking in the economy. Our discussion signals some
<br />inadequacy of the proposed measures with respect to the goals of viability of the system and
<br />individual financial security during retirement.

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