Assessing the 2005 Czech Proposals for Pension Reform / Philip Hemmings and Edward Whitehouse = Évaluation des propositions de la République tchèque de 2005 sur la réforme des retraites / Philip Hemmings et Edward Whitehouse.

Format:

• Book
• Government document

Author/Creator:

• Hemmings, Philip, author.

Contributor:

• Whitehouse, Edward.
• SourceOECD (Online service)

Series:

• OECD Economics Department Working Papers 18151973 ; no.496.
• OECD Economics Department Working Papers 18151973 ; no.496

Language:

English

Subjects (All):

• Economics.
• Czech Republic.

Local Subjects:

• Czech Republic.

Physical Description:

1 online resource (29 pages).

Other Title:

Évaluation des propositions de la République tchèque de 2005 sur la réforme des retraites

Place of Publication:

Paris : OECD Publishing, 2006.

System Details:

text file

Summary:

The Czech Republic faces one of the largest demographic challenges in the OECD area and making sure the public pension system is able to cope with rapid population ageing is important for long-term fiscal stability and social welfare. This paper assesses five proposals for pension reform made in late 2005 with a view to helping progress towards a final decision on reform. The proposals cover a wide range of options: only parametric change of the current pay-as-you-go (PAYG) system, systems combining a PAYG pension with a second-pillar (defined-contribution), a flat-rate pension and a system of notional accounts. The analysis uses OECD simulation models to compare the proposals in terms of fiscal sustainability, safety nets, early retirement incentives, diversification into private provision, simplicity and the pensions-earnings link. This Working Paper relates to the 2006 OECD Economic Survey of the Czech Republic (www.oecd.org/eco/surveys/czech).

Notes:

Title from title screen (viewed May 1, 2017).

Access Restriction:

Restricted for use by site license.