Showing 1 - 10 of 54
The authors provide a detailed study of the Swiss pension system, analyzing its strengths and weaknesses. The unfunded public pillar is highly redistributive. It has near universal coverage, a low dispersion of benefits (the maximum public pension is twice the minimum), and no ceiling on...
Persistent link: https://www.econbiz.de/10005080129
The author examines the performance of the new private pension systems in Peru and Colombia during their first years of existence. Peru and Colombia were the second and third Latin American countries to implement a systemic reform of their pension systems. The reforms experienced difficulties in...
Persistent link: https://www.econbiz.de/10004989900
All of Zambia's pension schemes are deficient in design, financing, and administration. This report urges that Zambia restructure its social protection system to complement its new economic strategy. That restructuring must address such basic problems as macroeconomic fluctuations and an...
Persistent link: https://www.econbiz.de/10005030567
Germany's pension system was originally designed as a scaled premium system. It formally became a pay-as-you-go system in 1957. Participation in the system is mandatory for all dependent employees and only some groups of self-employed. The system is greatly fragmented in terms of institutions,...
Persistent link: https://www.econbiz.de/10005129355
The authors discuss key choices policy makers face about China's pension system in the face of a rapidly aging population. They describe the problems the current pay-as-you-go system faces in the near and long term and simulate policy options for solving those problems. They find that simple...
Persistent link: https://www.econbiz.de/10005116370
Institutional investors comprise pension funds, insurance companies, and mutual funds. Should a country promote their creation if it lacks well-developed securities markets? The answer to this question, says the author, varies by type of investor. He argues that private pension funds and...
Persistent link: https://www.econbiz.de/10004989735
The Danish ATP (Arbejdmarkedets TillaegsPension or Labor Market Supplementary Pension) fund is a public pension fund that was created in 1964 to complement the universal pension benefit that is financed from general tax revenues and is paid to all old-age residents. When it was created,...
Persistent link: https://www.econbiz.de/10004989819
The financial systems in most developing countries today have many features in common with the financial systems of the developing countries of the eighteenth and nineteenth centuries. Whether they had unlimited liability (as in Scotland in the eighteenth century), or limited liability and...
Persistent link: https://www.econbiz.de/10004989875
Social pension systems in most countries in Eastern Europe and the former Soviet Union face severe financial pressure. Aging populations are increasing that pressure, which stems mainly from in the%design in the %in the flaws and incompatible incentives in the systems. The authors describe the...
Persistent link: https://www.econbiz.de/10005079549
The insurance industry is relatively well developed. It makes extensive use of reinsurance facilities and is free from the pervasive premium, product, investment, and reinsurance controls that have bedeviled the insurance markets of so many developing countries around the world. Total premiums...
Persistent link: https://www.econbiz.de/10005079669