1.

Record Nr.

UNINA9910818164703321

Titolo

Pension reform in Southeastern Europe : linking to labor and financial market reform / / editors : Robert Holzmann, Landis MacKellar, Jana Repansek

Pubbl/distr/stampa

Washington, DC, : World Bank, 2009

ISBN

1-281-87867-7

9786611878672

0-8213-7559-8

Edizione

[1st ed.]

Descrizione fisica

xxviii, 381 pages : illustrations ; ; 23 cm

Collana

Directions in Development

Altri autori (Persone)

HolzmannRobert

MacKellarLandis

RepansekJana

Disciplina

331.25/2209496

Soggetti

Pensions - Government policy - Balkan Peninsula

Balkan Peninsula

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Description based upon print version of record.

Nota di bibliografia

Includes bibliographical references and index.

Nota di contenuto

Contents; Preface; About the Editors; Abbreviations; PART I Setting the Stage; Figure 2.1 Old-Age Dependency Ratios in Selected World Regions, 2000 and Projected to 2050; Figure 2.2 Increase in Number of Pension Systems with Second Pillars, 1960-2009; Figure 2.3 Implicit Tax on Remaining at Work; Figure 2.4 Ratio of Savers to Dissavers by Region, 1950-2050; Figure 2.5 Financial Sector Readiness Indicator Scores in Year of Reform and Five Years Later (or in 2006), Selected Countries; PART II Aligning and Linking the Reforms; Table 4.1 Pension Reform in Southeastern European Countries

Figure 4.1 Male and Female Retirement Ages in CEF CountriesFigure 4.2 Loss of Contributors as a Result of Low Coverage, CEF Countries; Figure 5.1 Activity Rates in the European Union, by Gender, 1970 and 2000; Figure 5.2 Cohort Comparison in the European Union, by Gender, 1981, 1986, and 1991; Box 5.1 Key Reforms of Statutory Schemes; Figure 5.3 Employment Rates of Older Workers, European Union in 2005 and Evolution since 2000; Figure 5.4 Share of Part-Time Employment in Employment of Age Group 55-64, European Union, 1995-2006



Figure 5.5 Reasons for Leaving Last Job or Business for Workers Age 55-64, European Union, 1995-2006Figure 5.6 Dispersion of Employment Rates, Ages 55-64 and 25-54, European Union, 1983-2006; Figure 5.7 Employment Rates by Gender, Age 55-64, European Union, 1992-2006; Figure 5.8 Employment Rates for Men Age 55-64, by Skill Level, European Union, 2000 and 2006; Figure 5.9 Trends in Replacement Rates: Effect of Enacted Reforms at a Given Retirement Age, 2005 and 2050; Figure 5.10 Trends in Pension Expenditures, European Union (EU25), 2005-50

Figure 5.11 Projected Evolution of Theoretical Replacement Rates (TRRs) and Pension Expenditures for Public Pension Schemes, European UnionFigure 5.12 Change in (Synthetic) Replacement Rate and Decline in Employment Rates between Ages 55-59 and 60-64, Selected European Union Countries, 2006; Figure 6.1 Welfare Effects in Slovenia for Different Sources of Pension System Financing (Retirement Age 60 and Full Indexation), 1925-2055; Figure 6.2 Supplementary Pension Savings Required in Order to Keep the Total Pension at the Given Level (Retirement Age 60 and Full Indexation), Slovenia, 1960-2050

Figure 6.3 Expected Change in the Supplementary Pension Savings Required in Order to Keep the Total Pension at the Given Level with Retirement Age Increased to 65 and Unchanged Indexation of Pensions,Table 6.1 Estimates of Total Balance of the State Pension Fund Using Different Assumptions about Retirement Age and Indexation Level of Pensions, 2010-50; Figure 6.4 Expected Change in the Deficit of the Slovenian State Pension Fund with a Mandatory Second Pillar, Keeping the Total Pension at the 2000 Level (Retirement Age 60 and Full Indexation), 2005-

Figure 7.1 Cross-Sectional Employment Ratios, Population Age 25-64, Hungary, 1970-2005

Sommario/riassunto

Around the world, pension reform remains at the center of public debate. Its social, fiscal, and macroeconomic implications confront policy makers, practitioners, and academia with challenging questions. Pension systems in aging societies-in need of reform and further stressed by the pressures of globalization-require parallel reforms of the labor market and effective lifelong learning, not only to promote working longer, but to ensure that people can actually do so. At the same time, the working population should be motivated to contribute to pension schemes and prepare for old age. Diversify