Assessing the 2005 Czech Proposals for Pension Reform [E-Book] / Philip Hemmings and Edward Whitehouse
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 lat...
Saved in:
Full text |
|
Personal Name(s): | Hemmings, Philip. |
Whitehouse, Edward. | |
Imprint: |
Paris :
OECD Publishing,
2006
|
Physical Description: |
30 p. ; 21 x 29.7cm. |
Note: |
englisch |
DOI: |
10.1787/887367463834 |
Series Title: |
/* Depending on the record driver, $field may either be an array with
"name" and "number" keys or a flat string containing only the series
name. We should account for both cases to maximize compatibility. */?>
OECD Economics Department Working Papers ;
496 |
Keywords: |
Economics Czech Republic |
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). |