The Politics of NDC Pension Scheme Diffusion : Constraints and Drivers

Nonfinancial defined contribution (NDC) schemes offer governments desirable properties in terms of efficiency, fairness, and financial sustainability and an opportunity to deflect the blame for pension cuts. Yet adoptions of NDC schemes largely gro...

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Main Authors:	Guardiancich, Igor, Weaver, R. Kent, Demarco, Gustavo, Dorfman, Mark C.
Format:	Working Paper
Language:	English
Published:	World Bank, Washington, DC 2019
Subjects:	PENSIONS NONFINANCIAL DEFINED CONTRIBUTIONS PENSION REFORM POLICY REVERSAL
Online Access:	http://documents.worldbank.org/curated/en/673721556881833333/The-Politics-of-NDC-Pension-Scheme-Diffusion-Constraints-and-Drivers http://hdl.handle.net/10986/31628

id	okr-10986-31628
recordtype	oai_dc
spelling	okr-10986-316282021-05-25T09:23:33Z The Politics of NDC Pension Scheme Diffusion : Constraints and Drivers Guardiancich, Igor Weaver, R. Kent Demarco, Gustavo Dorfman, Mark C. PENSIONS NONFINANCIAL DEFINED CONTRIBUTIONS PENSION REFORM POLICY REVERSAL Nonfinancial defined contribution (NDC) schemes offer governments desirable properties in terms of efficiency, fairness, and financial sustainability and an opportunity to deflect the blame for pension cuts. Yet adoptions of NDC schemes largely ground to a halt and several countries retreated from NDC implementation after legislation. Lack of support from powerful international actors is partly to blame, as is the perceived rigidity of NDC in reducing room for policy maneuver. Correct implementation requires substantial administrative capacity. Less demanding automatic stabilizing mechanisms undercut the appeal of NDC in the European Union. Thus, while being an important option for policy makers and a benchmark against which to measure alternative reforms, NDC is unlikely to become the dominant pension design choice anytime soon. 2019-05-06T21:01:30Z 2019-05-06T21:01:30Z 2019-04 Working Paper http://documents.worldbank.org/curated/en/673721556881833333/The-Politics-of-NDC-Pension-Scheme-Diffusion-Constraints-and-Drivers http://hdl.handle.net/10986/31628 English Social Protection and Jobs Discussion Paper,no. 1927; CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Working Paper Europe and Central Asia European Union
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	PENSIONS NONFINANCIAL DEFINED CONTRIBUTIONS PENSION REFORM POLICY REVERSAL
spellingShingle	PENSIONS NONFINANCIAL DEFINED CONTRIBUTIONS PENSION REFORM POLICY REVERSAL Guardiancich, Igor Weaver, R. Kent Demarco, Gustavo Dorfman, Mark C. The Politics of NDC Pension Scheme Diffusion : Constraints and Drivers
geographic_facet	Europe and Central Asia European Union
relation	Social Protection and Jobs Discussion Paper,no. 1927;
description	Nonfinancial defined contribution (NDC) schemes offer governments desirable properties in terms of efficiency, fairness, and financial sustainability and an opportunity to deflect the blame for pension cuts. Yet adoptions of NDC schemes largely ground to a halt and several countries retreated from NDC implementation after legislation. Lack of support from powerful international actors is partly to blame, as is the perceived rigidity of NDC in reducing room for policy maneuver. Correct implementation requires substantial administrative capacity. Less demanding automatic stabilizing mechanisms undercut the appeal of NDC in the European Union. Thus, while being an important option for policy makers and a benchmark against which to measure alternative reforms, NDC is unlikely to become the dominant pension design choice anytime soon.
format	Working Paper
author	Guardiancich, Igor Weaver, R. Kent Demarco, Gustavo Dorfman, Mark C.
author_facet	Guardiancich, Igor Weaver, R. Kent Demarco, Gustavo Dorfman, Mark C.
author_sort	Guardiancich, Igor
title	The Politics of NDC Pension Scheme Diffusion : Constraints and Drivers
title_short	The Politics of NDC Pension Scheme Diffusion : Constraints and Drivers
title_full	The Politics of NDC Pension Scheme Diffusion : Constraints and Drivers
title_fullStr	The Politics of NDC Pension Scheme Diffusion : Constraints and Drivers
title_full_unstemmed	The Politics of NDC Pension Scheme Diffusion : Constraints and Drivers
title_sort	politics of ndc pension scheme diffusion : constraints and drivers
publisher	World Bank, Washington, DC
publishDate	2019
url	http://documents.worldbank.org/curated/en/673721556881833333/The-Politics-of-NDC-Pension-Scheme-Diffusion-Constraints-and-Drivers http://hdl.handle.net/10986/31628
_version_	1764474763525226496

The Politics of NDC Pension Scheme Diffusion : Constraints and Drivers

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