International Patterns of Pension Provision II : A Worldwide Overview of Facts and Figures
This paper presents and explains cross country data for mandatory publicly and privately managed pension systems around the world. This report is organized into three parts corresponding to three broad types of indicators. These indicators relate t...
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| Format: | Working Paper |
| Language: | English en_US |
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World Bank, Washington, DC
2013
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| Online Access: | http://documents.worldbank.org/curated/en/2012/06/16406441/international-patterns-pension-provision-ii-worldwide-overview-facts-figures http://hdl.handle.net/10986/13560 |
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okr-10986-13560 |
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oai_dc |
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Digital Repository |
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Foreign Institution |
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Digital Repositories |
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World Bank Open Knowledge Repository |
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World Bank |
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English en_US |
| topic |
ACCRUAL RATE ACCRUAL RATES ADVANCED COUNTRIES AGE CATEGORIES AGE DISTRIBUTION AGE GROUP ANNUITY ASYLUM AVERAGE WAGE AVERAGE WAGE GROWTH BANK ACCOUNTS BANK LENDING BASIC PENSION BASIC PENSIONS BENEFICIARIES BENEFICIARY BENEFIT FORMULAE BENEFIT FORMULAS BENEFIT INDEXATION CASH TRANSFERS CENTER FOR HEALTH CHANGE IN POPULATION CHANGES IN FERTILITY CHILD REARING CHILDBEARING CITIZENS CITIZENSHIP CONTINUED EMPLOYMENT CONTRACTUAL SAVINGS CONTRIBUTION RATES CONTRIBUTION RECORDS CORESIDENCE COUNTRY OF ORIGIN DEATH RATES DEFINED BENEFIT DEFINED BENEFIT SCHEMES DEFINED CONTRIBUTION PENSIONS DEMOGRAPHIC DEMOGRAPHIC CHANGES DEMOGRAPHIC PROJECTIONS DEMOGRAPHIC TRANSITION DEPENDENCY RATIO DEPENDENCY RATIOS DEVELOPING COUNTRIES DEVELOPING ECONOMIES DISABILITY DISTRIBUTION OF POPULATIONS DIVISION OF LABOR EARLY RETIREMENT EARNING ECONOMIC GROWTH ELDERLY ELDERLY POPULATION EMPLOYEE FAMILY POLICIES FERTILITY FERTILITY RATE FERTILITY RATES FINANCIAL CRISIS FUNDED BASIS GENDER DIFFERENCES GENDER GAP GEOGRAPHIC DISTRIBUTION GOVERNMENT SPENDING GROSS NATIONAL INCOME GROSS REPLACEMENT RATES GROSS WAGES GROWTH RATE HUMAN RESOURCE INCOME GROUP INCOME LEVEL INDIVIDUAL ACCOUNT INDIVIDUAL ACCOUNTS INFANT INFANT MORTALITY INFORMAL LABOR MARKETS INFORMAL SECTOR INFORMAL SECTOR WORKERS INSURANCE POLICIES INTEREST RATE INTEREST RATES INTERNATIONAL LABOUR ORGANIZATION INVESTMENT RISK INVOLUNTARY UNEMPLOYMENT LABOR FORCE LABOR FORCE PARTICIPATION LABOR MARKET LABOR MARKET CONDITIONS LABOR MARKET INDICATORS LABOR MARKETS LABOR SUPPLY LABOUR LEGAL STATUS LIFE EXPECTANCIES LIFE EXPECTANCY LIFE INSURANCE LIVE BIRTHS MANDATES MANDATORY SAVING MANDATORY SYSTEMS MARKET CONDITIONS MARKET DATA MIGRANTS MIGRATION MORTALITY MORTGAGES MULTIPILLAR PENSION SYSTEMS MULTIPILLAR SYSTEMS MUTUAL FUNDS NATIONAL LEVEL NATIONAL PENSION NEWBORN NORMAL RETIREMENT AGE NUMBER OF CHILDREN NUMBER OF DEATHS NUMBER OF PEOPLE NUMBER OF WORKERS OCCUPATION OLD AGE OLDER PEOPLE OLDER WORKERS PAYROLL TAX PENSION PENSION AGE PENSION BENEFIT PENSION BENEFITS PENSION COVERAGE PENSION DEBT PENSION ENTITLEMENT PENSION EXPENDITURE PENSION EXPENDITURES PENSION FRAMEWORK PENSION INCOME PENSION INDICATORS PENSION LIABILITIES PENSION LIABILITY PENSION PLANS PENSION POLICY PENSION PROGRAMS PENSION PROVISION PENSION REFORM PENSION SAVINGS PENSION SCHEME PENSION SCHEMES PENSION SPENDING PENSION SYSTEM PENSION SYSTEMS PENSION WEALTH PENSIONABLE AGE PENSIONERS PENSIONS PERFORMANCE INDICATORS POPULATION AGEING POPULATION CENSUS POPULATION CENSUSES POPULATION DATA POPULATION DIVISION POPULATION FORECASTS POPULATION PROJECTIONS PRESENT VALUE PREVIOUS SECTION PRICE INDEXATION PRIVATE INSTITUTIONS PRIVATE PENSION PRIVATE SECTOR PROGRESS PROVIDENT FUND PROVIDENT FUNDS PUBLIC DEBT PUBLIC DEFICIT PUBLIC PENSION PUBLIC SCHEME PUBLIC SECTOR EMPLOYEES PUBLIC SECTOR WORKERS PUBLIC SERVICE REFUGEES REPLACEMENT RATE REPLACEMENT RATES RESERVES RETIREES RETIREMENT RETIREMENT AGE RETIREMENT AGES RETIREMENT BEHAVIOR RETIREMENT INCOME RETIREMENT INCOME PROVISION RETIREMENT INVESTMENT RETIREMENT-INCOME RURAL AREAS RURAL POPULATION SELF EMPLOYMENT SERVANTS SEX SOCIAL ASSISTANCE SOCIAL INSURANCE SOCIAL INSURANCE CONTRIBUTION SOCIAL INSURANCE PROGRAMS SOCIAL PENSIONS SOCIAL PROGRAMS SOCIAL PROTECTION SOCIAL SECURITY SOCIAL SECURITY REFORMS SOCIAL SECURITY SYSTEM SOCIAL SECURITY SYSTEMS TAX FINANCING TECHNICAL ASSISTANCE UNEMPLOYED UNEMPLOYMENT UNFUNDED PENSION URBAN POPULATION VOLUNTARY PENSIONS WAGE BILL WAGE LEVEL WAGE LEVELS WOMAN WORKER WORKFORCE WORLD DEVELOPMENT INDICATORS WORLD HEALTH ORGANIZATION aging populations |
| spellingShingle |
ACCRUAL RATE ACCRUAL RATES ADVANCED COUNTRIES AGE CATEGORIES AGE DISTRIBUTION AGE GROUP ANNUITY ASYLUM AVERAGE WAGE AVERAGE WAGE GROWTH BANK ACCOUNTS BANK LENDING BASIC PENSION BASIC PENSIONS BENEFICIARIES BENEFICIARY BENEFIT FORMULAE BENEFIT FORMULAS BENEFIT INDEXATION CASH TRANSFERS CENTER FOR HEALTH CHANGE IN POPULATION CHANGES IN FERTILITY CHILD REARING CHILDBEARING CITIZENS CITIZENSHIP CONTINUED EMPLOYMENT CONTRACTUAL SAVINGS CONTRIBUTION RATES CONTRIBUTION RECORDS CORESIDENCE COUNTRY OF ORIGIN DEATH RATES DEFINED BENEFIT DEFINED BENEFIT SCHEMES DEFINED CONTRIBUTION PENSIONS DEMOGRAPHIC DEMOGRAPHIC CHANGES DEMOGRAPHIC PROJECTIONS DEMOGRAPHIC TRANSITION DEPENDENCY RATIO DEPENDENCY RATIOS DEVELOPING COUNTRIES DEVELOPING ECONOMIES DISABILITY DISTRIBUTION OF POPULATIONS DIVISION OF LABOR EARLY RETIREMENT EARNING ECONOMIC GROWTH ELDERLY ELDERLY POPULATION EMPLOYEE FAMILY POLICIES FERTILITY FERTILITY RATE FERTILITY RATES FINANCIAL CRISIS FUNDED BASIS GENDER DIFFERENCES GENDER GAP GEOGRAPHIC DISTRIBUTION GOVERNMENT SPENDING GROSS NATIONAL INCOME GROSS REPLACEMENT RATES GROSS WAGES GROWTH RATE HUMAN RESOURCE INCOME GROUP INCOME LEVEL INDIVIDUAL ACCOUNT INDIVIDUAL ACCOUNTS INFANT INFANT MORTALITY INFORMAL LABOR MARKETS INFORMAL SECTOR INFORMAL SECTOR WORKERS INSURANCE POLICIES INTEREST RATE INTEREST RATES INTERNATIONAL LABOUR ORGANIZATION INVESTMENT RISK INVOLUNTARY UNEMPLOYMENT LABOR FORCE LABOR FORCE PARTICIPATION LABOR MARKET LABOR MARKET CONDITIONS LABOR MARKET INDICATORS LABOR MARKETS LABOR SUPPLY LABOUR LEGAL STATUS LIFE EXPECTANCIES LIFE EXPECTANCY LIFE INSURANCE LIVE BIRTHS MANDATES MANDATORY SAVING MANDATORY SYSTEMS MARKET CONDITIONS MARKET DATA MIGRANTS MIGRATION MORTALITY MORTGAGES MULTIPILLAR PENSION SYSTEMS MULTIPILLAR SYSTEMS MUTUAL FUNDS NATIONAL LEVEL NATIONAL PENSION NEWBORN NORMAL RETIREMENT AGE NUMBER OF CHILDREN NUMBER OF DEATHS NUMBER OF PEOPLE NUMBER OF WORKERS OCCUPATION OLD AGE OLDER PEOPLE OLDER WORKERS PAYROLL TAX PENSION PENSION AGE PENSION BENEFIT PENSION BENEFITS PENSION COVERAGE PENSION DEBT PENSION ENTITLEMENT PENSION EXPENDITURE PENSION EXPENDITURES PENSION FRAMEWORK PENSION INCOME PENSION INDICATORS PENSION LIABILITIES PENSION LIABILITY PENSION PLANS PENSION POLICY PENSION PROGRAMS PENSION PROVISION PENSION REFORM PENSION SAVINGS PENSION SCHEME PENSION SCHEMES PENSION SPENDING PENSION SYSTEM PENSION SYSTEMS PENSION WEALTH PENSIONABLE AGE PENSIONERS PENSIONS PERFORMANCE INDICATORS POPULATION AGEING POPULATION CENSUS POPULATION CENSUSES POPULATION DATA POPULATION DIVISION POPULATION FORECASTS POPULATION PROJECTIONS PRESENT VALUE PREVIOUS SECTION PRICE INDEXATION PRIVATE INSTITUTIONS PRIVATE PENSION PRIVATE SECTOR PROGRESS PROVIDENT FUND PROVIDENT FUNDS PUBLIC DEBT PUBLIC DEFICIT PUBLIC PENSION PUBLIC SCHEME PUBLIC SECTOR EMPLOYEES PUBLIC SECTOR WORKERS PUBLIC SERVICE REFUGEES REPLACEMENT RATE REPLACEMENT RATES RESERVES RETIREES RETIREMENT RETIREMENT AGE RETIREMENT AGES RETIREMENT BEHAVIOR RETIREMENT INCOME RETIREMENT INCOME PROVISION RETIREMENT INVESTMENT RETIREMENT-INCOME RURAL AREAS RURAL POPULATION SELF EMPLOYMENT SERVANTS SEX SOCIAL ASSISTANCE SOCIAL INSURANCE SOCIAL INSURANCE CONTRIBUTION SOCIAL INSURANCE PROGRAMS SOCIAL PENSIONS SOCIAL PROGRAMS SOCIAL PROTECTION SOCIAL SECURITY SOCIAL SECURITY REFORMS SOCIAL SECURITY SYSTEM SOCIAL SECURITY SYSTEMS TAX FINANCING TECHNICAL ASSISTANCE UNEMPLOYED UNEMPLOYMENT UNFUNDED PENSION URBAN POPULATION VOLUNTARY PENSIONS WAGE BILL WAGE LEVEL WAGE LEVELS WOMAN WORKER WORKFORCE WORLD DEVELOPMENT INDICATORS WORLD HEALTH ORGANIZATION aging populations Pallares-Miralles, Montserrat Romero, Carolina Whitehouse, Edward International Patterns of Pension Provision II : A Worldwide Overview of Facts and Figures |
| relation |
Social Protection and Labor Discussion Paper;No. 1211 |
| description |
This paper presents and explains cross
country data for mandatory publicly and privately managed
pension systems around the world. This report is organized
into three parts corresponding to three broad types of
indicators. These indicators relate to: (i) the relevant
contextual factors referred to here as environment; (ii)
pension system design parameters; and (iii) indicators of
performance. Part one of the report provides some
information on the environment in which the system operates,
focusing on demographic and labor market conditions.
Understanding the current and future path of demographic
patterns, especially aging, will place the later section on
performance into a clearer perspective. Part two on pension
system design uses a standardized taxonomy to describe
differences across countries. The data on system design are
presented in two groups of indicators: (i) overall
architecture of the system: pillars, schemes including civil
servants and other special schemes, and (ii) operating
parameters of the system, which includes two sub-groups: a)
qualifying conditions: pension eligibility ages, and
contribution history, and b) contribution rates, defined
benefit (DB), and defined contribution (DC) schemes, and
indexation. It should be noted that while many countries
have more than one program providing retirement income
benefits, unless otherwise indicated, most of the data refer
only to the national scheme. Part three presents a set of
performance indicators. The indicators included are core
pension indicators that illustrate six key criteria of any
pension scheme, namely: (i) coverage, (ii) adequacy, (iii)
financial sustainability, (iv) economic efficiency (i.e.,
minimizing the distortions of the retirement?income system
on individuals' behavior, such as labor supply and
savings outside of pension plans), (v) administrative
efficiency, and (vi)) security of benefits in the face of
different risks and uncertainties. |
| format |
Publications & Research :: Working Paper |
| author |
Pallares-Miralles, Montserrat Romero, Carolina Whitehouse, Edward |
| author_facet |
Pallares-Miralles, Montserrat Romero, Carolina Whitehouse, Edward |
| author_sort |
Pallares-Miralles, Montserrat |
| title |
International Patterns of Pension Provision II : A Worldwide Overview of Facts and Figures |
| title_short |
International Patterns of Pension Provision II : A Worldwide Overview of Facts and Figures |
| title_full |
International Patterns of Pension Provision II : A Worldwide Overview of Facts and Figures |
| title_fullStr |
International Patterns of Pension Provision II : A Worldwide Overview of Facts and Figures |
| title_full_unstemmed |
International Patterns of Pension Provision II : A Worldwide Overview of Facts and Figures |
| title_sort |
international patterns of pension provision ii : a worldwide overview of facts and figures |
| publisher |
World Bank, Washington, DC |
| publishDate |
2013 |
| url |
http://documents.worldbank.org/curated/en/2012/06/16406441/international-patterns-pension-provision-ii-worldwide-overview-facts-figures http://hdl.handle.net/10986/13560 |
| _version_ |
1764423730579111936 |
| spelling |
okr-10986-135602021-04-23T14:03:08Z International Patterns of Pension Provision II : A Worldwide Overview of Facts and Figures Pallares-Miralles, Montserrat Romero, Carolina Whitehouse, Edward ACCRUAL RATE ACCRUAL RATES ADVANCED COUNTRIES AGE CATEGORIES AGE DISTRIBUTION AGE GROUP ANNUITY ASYLUM AVERAGE WAGE AVERAGE WAGE GROWTH BANK ACCOUNTS BANK LENDING BASIC PENSION BASIC PENSIONS BENEFICIARIES BENEFICIARY BENEFIT FORMULAE BENEFIT FORMULAS BENEFIT INDEXATION CASH TRANSFERS CENTER FOR HEALTH CHANGE IN POPULATION CHANGES IN FERTILITY CHILD REARING CHILDBEARING CITIZENS CITIZENSHIP CONTINUED EMPLOYMENT CONTRACTUAL SAVINGS CONTRIBUTION RATES CONTRIBUTION RECORDS CORESIDENCE COUNTRY OF ORIGIN DEATH RATES DEFINED BENEFIT DEFINED BENEFIT SCHEMES DEFINED CONTRIBUTION PENSIONS DEMOGRAPHIC DEMOGRAPHIC CHANGES DEMOGRAPHIC PROJECTIONS DEMOGRAPHIC TRANSITION DEPENDENCY RATIO DEPENDENCY RATIOS DEVELOPING COUNTRIES DEVELOPING ECONOMIES DISABILITY DISTRIBUTION OF POPULATIONS DIVISION OF LABOR EARLY RETIREMENT EARNING ECONOMIC GROWTH ELDERLY ELDERLY POPULATION EMPLOYEE FAMILY POLICIES FERTILITY FERTILITY RATE FERTILITY RATES FINANCIAL CRISIS FUNDED BASIS GENDER DIFFERENCES GENDER GAP GEOGRAPHIC DISTRIBUTION GOVERNMENT SPENDING GROSS NATIONAL INCOME GROSS REPLACEMENT RATES GROSS WAGES GROWTH RATE HUMAN RESOURCE INCOME GROUP INCOME LEVEL INDIVIDUAL ACCOUNT INDIVIDUAL ACCOUNTS INFANT INFANT MORTALITY INFORMAL LABOR MARKETS INFORMAL SECTOR INFORMAL SECTOR WORKERS INSURANCE POLICIES INTEREST RATE INTEREST RATES INTERNATIONAL LABOUR ORGANIZATION INVESTMENT RISK INVOLUNTARY UNEMPLOYMENT LABOR FORCE LABOR FORCE PARTICIPATION LABOR MARKET LABOR MARKET CONDITIONS LABOR MARKET INDICATORS LABOR MARKETS LABOR SUPPLY LABOUR LEGAL STATUS LIFE EXPECTANCIES LIFE EXPECTANCY LIFE INSURANCE LIVE BIRTHS MANDATES MANDATORY SAVING MANDATORY SYSTEMS MARKET CONDITIONS MARKET DATA MIGRANTS MIGRATION MORTALITY MORTGAGES MULTIPILLAR PENSION SYSTEMS MULTIPILLAR SYSTEMS MUTUAL FUNDS NATIONAL LEVEL NATIONAL PENSION NEWBORN NORMAL RETIREMENT AGE NUMBER OF CHILDREN NUMBER OF DEATHS NUMBER OF PEOPLE NUMBER OF WORKERS OCCUPATION OLD AGE OLDER PEOPLE OLDER WORKERS PAYROLL TAX PENSION PENSION AGE PENSION BENEFIT PENSION BENEFITS PENSION COVERAGE PENSION DEBT PENSION ENTITLEMENT PENSION EXPENDITURE PENSION EXPENDITURES PENSION FRAMEWORK PENSION INCOME PENSION INDICATORS PENSION LIABILITIES PENSION LIABILITY PENSION PLANS PENSION POLICY PENSION PROGRAMS PENSION PROVISION PENSION REFORM PENSION SAVINGS PENSION SCHEME PENSION SCHEMES PENSION SPENDING PENSION SYSTEM PENSION SYSTEMS PENSION WEALTH PENSIONABLE AGE PENSIONERS PENSIONS PERFORMANCE INDICATORS POPULATION AGEING POPULATION CENSUS POPULATION CENSUSES POPULATION DATA POPULATION DIVISION POPULATION FORECASTS POPULATION PROJECTIONS PRESENT VALUE PREVIOUS SECTION PRICE INDEXATION PRIVATE INSTITUTIONS PRIVATE PENSION PRIVATE SECTOR PROGRESS PROVIDENT FUND PROVIDENT FUNDS PUBLIC DEBT PUBLIC DEFICIT PUBLIC PENSION PUBLIC SCHEME PUBLIC SECTOR EMPLOYEES PUBLIC SECTOR WORKERS PUBLIC SERVICE REFUGEES REPLACEMENT RATE REPLACEMENT RATES RESERVES RETIREES RETIREMENT RETIREMENT AGE RETIREMENT AGES RETIREMENT BEHAVIOR RETIREMENT INCOME RETIREMENT INCOME PROVISION RETIREMENT INVESTMENT RETIREMENT-INCOME RURAL AREAS RURAL POPULATION SELF EMPLOYMENT SERVANTS SEX SOCIAL ASSISTANCE SOCIAL INSURANCE SOCIAL INSURANCE CONTRIBUTION SOCIAL INSURANCE PROGRAMS SOCIAL PENSIONS SOCIAL PROGRAMS SOCIAL PROTECTION SOCIAL SECURITY SOCIAL SECURITY REFORMS SOCIAL SECURITY SYSTEM SOCIAL SECURITY SYSTEMS TAX FINANCING TECHNICAL ASSISTANCE UNEMPLOYED UNEMPLOYMENT UNFUNDED PENSION URBAN POPULATION VOLUNTARY PENSIONS WAGE BILL WAGE LEVEL WAGE LEVELS WOMAN WORKER WORKFORCE WORLD DEVELOPMENT INDICATORS WORLD HEALTH ORGANIZATION aging populations This paper presents and explains cross country data for mandatory publicly and privately managed pension systems around the world. This report is organized into three parts corresponding to three broad types of indicators. These indicators relate to: (i) the relevant contextual factors referred to here as environment; (ii) pension system design parameters; and (iii) indicators of performance. Part one of the report provides some information on the environment in which the system operates, focusing on demographic and labor market conditions. Understanding the current and future path of demographic patterns, especially aging, will place the later section on performance into a clearer perspective. Part two on pension system design uses a standardized taxonomy to describe differences across countries. The data on system design are presented in two groups of indicators: (i) overall architecture of the system: pillars, schemes including civil servants and other special schemes, and (ii) operating parameters of the system, which includes two sub-groups: a) qualifying conditions: pension eligibility ages, and contribution history, and b) contribution rates, defined benefit (DB), and defined contribution (DC) schemes, and indexation. It should be noted that while many countries have more than one program providing retirement income benefits, unless otherwise indicated, most of the data refer only to the national scheme. Part three presents a set of performance indicators. The indicators included are core pension indicators that illustrate six key criteria of any pension scheme, namely: (i) coverage, (ii) adequacy, (iii) financial sustainability, (iv) economic efficiency (i.e., minimizing the distortions of the retirement?income system on individuals' behavior, such as labor supply and savings outside of pension plans), (v) administrative efficiency, and (vi)) security of benefits in the face of different risks and uncertainties. 2013-05-28T17:52:14Z 2013-05-28T17:52:14Z 2012-06 http://documents.worldbank.org/curated/en/2012/06/16406441/international-patterns-pension-provision-ii-worldwide-overview-facts-figures http://hdl.handle.net/10986/13560 English en_US Social Protection and Labor Discussion Paper;No. 1211 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research :: Working Paper Publications & Research |