Chapter

Twenty‐First‐Century Pensions Issues

Nicholas Barr

in The Welfare State as Piggy Bank

Published in print May 2001 | ISBN: 9780199246595
Published online November 2003 | e-ISBN: 9780191595936 | DOI: http://dx.doi.org/10.1093/0199246599.003.0009
 Twenty‐First‐Century Pensions Issues

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Two sets of issues will become increasingly salient. The first part of the chapter discusses strategies to address population ageing, with heavy emphasis on two policies – increasing economic growth and raising the retirement age. The second part of the chapter discusses the possibility of pension design that is compatible with national and international labour mobility, fragmented family structures, and international competitive pressures. A particular question is whether it is possible to design pensions that have not only the advantages of defined‐contribution schemes (improved labour mobility) but also the advantages of defined‐benefit schemes (greater individual certainty).

Keywords: defined benefit; defined contribution; economic growth; labour mobility; population ageing; retirement age

Chapter.  6063 words. 

Subjects: Public Economics

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