Global Pension Systems and Their Reform: Worldwide Drivers, Trends, and Challenges

Research, Preprint OPEN
Holzmann, Robert;
  • Publisher: Bonn: Institute for the Study of Labor (IZA)
  • Subject: multi pillar pension systems | Emerging Markets,Debt Markets,Pensions&Retirement Systems,Safety Nets and Transfers,Banks&Banking Reform | J21 | G23 | H55 | I3 | financial crisis | population aging | NDC | MDC | J26 | longevity | social pension | population aging, longevity, financial crisis, multi pillar pension systems, social pension, NDC, MDC
    • jel: jel:G23 | jel:H55 | jel:I3 | jel:J21 | jel:J26
      ddc: ddc:330

Across the world, pension systems and their reforms are in a constant state of flux driven by shifting objectives, moving reform needs, and a changing enabling environment. The ongoing worldwide financial crisis and the adjustment to an uncertain 'new normal' will make ... View more
  • References (31)
    31 references, page 1 of 4

    Aterido, Reyes, Mary Hallward-Driemeier, and Carmen Pagés. 2011. “Does Expanding Health Insurance Beyond Formal-Sector Workers Encourage Informality? Measuring the Impact of Mexico's Seguro Popular.” IZA Discussion Paper No. 5996. Bonn: IZA.

    Alho, Juha, Jorge Miguel Bravo, and Edward Palmer. 2012. “Annuities and Life Expectancy in NDC.” In Holzmann, Palmer, and Robalino (eds), op cit. chapter 22, in print.

    Barr, Nicholas and Peter Diamond. 2008. Reforming Pensions: Principles and Policy Choices. Oxford University al.: Oxford.

    Blake, David, Tom Boardman, and Andrew Cairns. 2010. “Sharing Longevity Risk: Why Governments Should Issue Longevity Bonds.” Discussion Paper PI-1002. London: The Pensions Institute. Available at:

    Brunner, Greg, Richard Hinz and Roberto Rocha. 2008. Risk-Based Supervision of Pension Funds: Emerging Practices and Challenges. Washington, DC: World Bank.

    Chloń-Domińczak, Agnieszka, Daniele Franco and Edward Palmer. 2012. “The First Wave of NDC Reforms: The Experiences of Italy, Latvia, Poland and Sweden”. In Holzmann, Palmer and Robalino (eds), op. cit. Volume I, chapter 2, in print.

    European Centre for the Development of Vocational Training. 2008. “Innovative Learning Measures for Older Workers.” Cedefop Panorama Series, 159. Luxembourg: Office for Official Publications of the European Communities.

    European Commission. 2012. An Agenda for Adequate, Safe and Sustainable Pensions. White Paper. Brussels: COM.

    Fajnzylber, Eduardo and David Robalino, 2012. “Chile: Shadowing of FDC with NDC.” In Holzmann and Palmer, eds. op cit. Chapter 9, in print.

    Grosh, Margaret, Carlo del Ninno, Emil Tesliuc, and Azedine Ouerghi. 2008. For Protection & Promotion: The Design and Implementation of Effective Safety Nets. Washington, DC: World Bank.

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