Pensions Panorama : Retirement-Income Systems in 53 Countries

Pensions panorama provides a compendium of facts and analysis that should inform policy making and public debate about retirement-income systems around the world. The section following the introduction sets out a typology: a way of defining and cla...

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Main Author:	Whitehouse, Edward
Format:	Publication
Language:	English en_US
Published:	Washington, DC: World Bank 2012
Subjects:	ACCIDENT COMPENSATION ACCRUAL RATES ACCRUALS ADMINISTRATIVE COSTS ANNUITY ANNUITY RATE BASIC BASIC PENSION COMPONENTS COMPUTERIZATION CONTRIBUTION RATE CONTRIBUTION RATES COPYING DEFINED-BENEFIT SCHEMES DISTRIBUTION OF INCOME E-MAIL EARLY RETIREMENT EARNINGS EMPLOYMENT FULL-CAREER WORKER INCOME COUNTRIES INFLATION INFORMATION TECHNOLOGY INSURANCE LATIN AMERICAN LIFE EXPECTANCY MICROECONOMIC ANALYSIS MIDDLE EAST MINIMUM BENEFIT MINIMUM INCOME MINIMUM WAGE NORTH AFRICA NOTIONAL CAPITAL OCCUPATIONAL SCHEMES PAY AS YOU GO PENSION FUND PENSION FUND ADMINISTRATORS PENSION PLANS PENSION REFORM PENSION REFORMS PENSION RIGHTS PENSION SCHEMES PENSION SYSTEM PENSION SYSTEM PARAMETERS PENSION SYSTEMS PENSIONERS PENSIONS PERSONAL INCOME TAXES PRIVATE PENSION PUBLIC POLICIES PUBLIC POLICY PUBLIC SCHEMES REPLACEMENT RATE REPLACEMENT RATES RETIRED PEOPLE RETIREES RETIREMENT RETIREMENT AGE RETIREMENT BENEFITS RETIREMENT INCOME SAFETY NETS SAVINGS SOCIAL ASSISTANCE SOCIAL POLICY SOCIAL PROTECTION SOCIAL SECURITY SUBSIDIARY TAXABLE INCOME
Online Access:	http://documents.worldbank.org/curated/en/2006/01/7190679/pensions-panorama-retirement-income-systems-53-countries http://hdl.handle.net/10986/7177

id	okr-10986-7177
recordtype	oai_dc
spelling	okr-10986-71772021-04-23T14:02:27Z Pensions Panorama : Retirement-Income Systems in 53 Countries Whitehouse, Edward ACCIDENT COMPENSATION ACCRUAL RATES ACCRUALS ADMINISTRATIVE COSTS ANNUITY ANNUITY RATE BASIC BASIC PENSION COMPONENTS COMPUTERIZATION CONTRIBUTION RATE CONTRIBUTION RATES COPYING DEFINED-BENEFIT SCHEMES DISTRIBUTION OF INCOME E-MAIL EARLY RETIREMENT EARNINGS EMPLOYMENT FULL-CAREER WORKER INCOME COUNTRIES INFLATION INFORMATION TECHNOLOGY INSURANCE LATIN AMERICAN LIFE EXPECTANCY MICROECONOMIC ANALYSIS MIDDLE EAST MINIMUM BENEFIT MINIMUM INCOME MINIMUM WAGE NORTH AFRICA NOTIONAL CAPITAL OCCUPATIONAL SCHEMES PAY AS YOU GO PENSION FUND PENSION FUND ADMINISTRATORS PENSION PLANS PENSION REFORM PENSION REFORMS PENSION RIGHTS PENSION SCHEMES PENSION SYSTEM PENSION SYSTEM PARAMETERS PENSION SYSTEMS PENSIONERS PENSIONS PERSONAL INCOME TAXES PRIVATE PENSION PUBLIC POLICIES PUBLIC POLICY PUBLIC SCHEMES REPLACEMENT RATE REPLACEMENT RATES RETIRED PEOPLE RETIREES RETIREMENT RETIREMENT AGE RETIREMENT BENEFITS RETIREMENT INCOME SAFETY NETS SAVINGS SOCIAL ASSISTANCE SOCIAL POLICY SOCIAL PROTECTION SOCIAL SECURITY SUBSIDIARY TAXABLE INCOME Pensions panorama provides a compendium of facts and analysis that should inform policy making and public debate about retirement-income systems around the world. The section following the introduction sets out a typology: a way of defining and classifying different kinds of pension schemes. It shows which countries have which types of pension schemes, covering all elements of the retirement-income system, including resource-tested benefits and basic pensions as well as public, earnings-related, and compulsory private pension plans. Next, the study sets out the institutional detail: the parameters and rules of different parts of the retirement-income system. The next section presents the core, empirical results: future pension entitlements of today's workers with different levels of earnings from all sources. This section includes the familiar replacement rate indicator: individual pension entitlements as a proportion of individual earnings when working. The following section explores the important role that personal income taxes and social security contributions play in determining the relative incomes of older people. In particular, it shows net replacement rates (that is, pension net of taxes and any contributions, relative to earnings, net of taxes and contributions). The third section on empirical results looks at the link between pension entitlements in retirement and earnings in work. This analysis highlights the key differences in philosophy between different countries' retirement-income systems. Moreover, changes to the pensions-earnings link have been central to many recent reforms to retirement-income regimes. The concluding section sets out a number of dimensions in which the pension systems of 53 countries differ. 2012-06-05T20:14:27Z 2012-06-05T20:14:27Z 2007 http://documents.worldbank.org/curated/en/2006/01/7190679/pensions-panorama-retirement-income-systems-53-countries 978-0-8213-6764-3 http://hdl.handle.net/10986/7177 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Washington, DC: World Bank Publications & Research :: Publication Publications & Research :: Publication
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	ACCIDENT COMPENSATION ACCRUAL RATES ACCRUALS ADMINISTRATIVE COSTS ANNUITY ANNUITY RATE BASIC BASIC PENSION COMPONENTS COMPUTERIZATION CONTRIBUTION RATE CONTRIBUTION RATES COPYING DEFINED-BENEFIT SCHEMES DISTRIBUTION OF INCOME E-MAIL EARLY RETIREMENT EARNINGS EMPLOYMENT FULL-CAREER WORKER INCOME COUNTRIES INFLATION INFORMATION TECHNOLOGY INSURANCE LATIN AMERICAN LIFE EXPECTANCY MICROECONOMIC ANALYSIS MIDDLE EAST MINIMUM BENEFIT MINIMUM INCOME MINIMUM WAGE NORTH AFRICA NOTIONAL CAPITAL OCCUPATIONAL SCHEMES PAY AS YOU GO PENSION FUND PENSION FUND ADMINISTRATORS PENSION PLANS PENSION REFORM PENSION REFORMS PENSION RIGHTS PENSION SCHEMES PENSION SYSTEM PENSION SYSTEM PARAMETERS PENSION SYSTEMS PENSIONERS PENSIONS PERSONAL INCOME TAXES PRIVATE PENSION PUBLIC POLICIES PUBLIC POLICY PUBLIC SCHEMES REPLACEMENT RATE REPLACEMENT RATES RETIRED PEOPLE RETIREES RETIREMENT RETIREMENT AGE RETIREMENT BENEFITS RETIREMENT INCOME SAFETY NETS SAVINGS SOCIAL ASSISTANCE SOCIAL POLICY SOCIAL PROTECTION SOCIAL SECURITY SUBSIDIARY TAXABLE INCOME
spellingShingle	ACCIDENT COMPENSATION ACCRUAL RATES ACCRUALS ADMINISTRATIVE COSTS ANNUITY ANNUITY RATE BASIC BASIC PENSION COMPONENTS COMPUTERIZATION CONTRIBUTION RATE CONTRIBUTION RATES COPYING DEFINED-BENEFIT SCHEMES DISTRIBUTION OF INCOME E-MAIL EARLY RETIREMENT EARNINGS EMPLOYMENT FULL-CAREER WORKER INCOME COUNTRIES INFLATION INFORMATION TECHNOLOGY INSURANCE LATIN AMERICAN LIFE EXPECTANCY MICROECONOMIC ANALYSIS MIDDLE EAST MINIMUM BENEFIT MINIMUM INCOME MINIMUM WAGE NORTH AFRICA NOTIONAL CAPITAL OCCUPATIONAL SCHEMES PAY AS YOU GO PENSION FUND PENSION FUND ADMINISTRATORS PENSION PLANS PENSION REFORM PENSION REFORMS PENSION RIGHTS PENSION SCHEMES PENSION SYSTEM PENSION SYSTEM PARAMETERS PENSION SYSTEMS PENSIONERS PENSIONS PERSONAL INCOME TAXES PRIVATE PENSION PUBLIC POLICIES PUBLIC POLICY PUBLIC SCHEMES REPLACEMENT RATE REPLACEMENT RATES RETIRED PEOPLE RETIREES RETIREMENT RETIREMENT AGE RETIREMENT BENEFITS RETIREMENT INCOME SAFETY NETS SAVINGS SOCIAL ASSISTANCE SOCIAL POLICY SOCIAL PROTECTION SOCIAL SECURITY SUBSIDIARY TAXABLE INCOME Whitehouse, Edward Pensions Panorama : Retirement-Income Systems in 53 Countries
description	Pensions panorama provides a compendium of facts and analysis that should inform policy making and public debate about retirement-income systems around the world. The section following the introduction sets out a typology: a way of defining and classifying different kinds of pension schemes. It shows which countries have which types of pension schemes, covering all elements of the retirement-income system, including resource-tested benefits and basic pensions as well as public, earnings-related, and compulsory private pension plans. Next, the study sets out the institutional detail: the parameters and rules of different parts of the retirement-income system. The next section presents the core, empirical results: future pension entitlements of today's workers with different levels of earnings from all sources. This section includes the familiar replacement rate indicator: individual pension entitlements as a proportion of individual earnings when working. The following section explores the important role that personal income taxes and social security contributions play in determining the relative incomes of older people. In particular, it shows net replacement rates (that is, pension net of taxes and any contributions, relative to earnings, net of taxes and contributions). The third section on empirical results looks at the link between pension entitlements in retirement and earnings in work. This analysis highlights the key differences in philosophy between different countries' retirement-income systems. Moreover, changes to the pensions-earnings link have been central to many recent reforms to retirement-income regimes. The concluding section sets out a number of dimensions in which the pension systems of 53 countries differ.
format	Publications & Research :: Publication
author	Whitehouse, Edward
author_facet	Whitehouse, Edward
author_sort	Whitehouse, Edward
title	Pensions Panorama : Retirement-Income Systems in 53 Countries
title_short	Pensions Panorama : Retirement-Income Systems in 53 Countries
title_full	Pensions Panorama : Retirement-Income Systems in 53 Countries
title_fullStr	Pensions Panorama : Retirement-Income Systems in 53 Countries
title_full_unstemmed	Pensions Panorama : Retirement-Income Systems in 53 Countries
title_sort	pensions panorama : retirement-income systems in 53 countries
publisher	Washington, DC: World Bank
publishDate	2012
url	http://documents.worldbank.org/curated/en/2006/01/7190679/pensions-panorama-retirement-income-systems-53-countries http://hdl.handle.net/10986/7177
_version_	1764399255284350976

Pensions Panorama : Retirement-Income Systems in 53 Countries

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