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Centre for Policy on Ageing | |
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| Aging populations and public pension schemes | | Author(s) | Sheetal K Chand, Albert Jaeger |
| Corporate Author | Fiscal Affairs Department, International Monetary Fund |
| Publisher | International Monetary Fund, Washington, DC, 1996 |
| Pages | 43 pp (Occasional paper no 147 International Monetary Fund) |
| Source | IMF, Publication Services, 700 19th Street, N.W., Washington, DC 20431, USA. |
| Keywords | Pensions ; Taxation ; Demography ; Social policy ; International. |
| Annotation | This study, which was conducted with a Staff Team from the International Monetary Fund's Fiscal Affairs Department, set out to examine the fiscal implications of population ageing in the context of present public pension arrangements, with particular reference to the major industrial countries and their ageing populations. It examined the fiscal consequences of introducing a fully funded scheme system in place of the defined-benefit PAYG (pay as you go) system - such an adjustment would be substantially higher than would be needed to fix the PAYG system. PAYG is vulnerable to the ageing phenomenon, although it has the advantage of involving a compact between generations. A defined-benefit system could be implemented in the long term - but would require anticipating the demands associated with ageing, by implementing a constant, sustainable contribution rate. |
| Accession Number | CPA-970529209 B |
| Classmark | JJ: WS: S8: TM2: 72 |
Data © Centre for Policy on Ageing |
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| ...from the Ageinfo database published by Centre for Policy on Ageing. |
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