Description

The present paper reviews key issues in pension design and pension reform encountered all across the world. The paper heavily refers to the recent U.S. Social Security reform debate in general and to the Personal Retirement Accounts proposal in particular. A particular emphasis is put on annuitization and risk-taking in the economy. Our discussion signals some inadequacy of the proposed measures with respect to the goals of viability of the system and individual financial security during retirement.

Taxonomy

Economic policy , Economic sectors , Pensions , Public sector , Retirement , Social policy , Social security

More publications in this series: Working Papers

More publications by: Alain Jousten