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Mr. N. A. Barr

Abstract

Looks at the policy choices involved in creating pension schemes, particularly whether it is advisable to move away from government pay-as-you-go pensions toward private or publicly funded plans. Examines the reasons for the controversy surrounding pension design, and whether the second level of pension systems should be mandatory, private, funded, and defined-contribution.

Mr. N. A. Barr

Abstract

Cette brochure s'intéresse aux choix qui doivent être faits lors de la création de régimes de retraite, et en particulier à l'opportunité d'abandonner les régimes publics par répartition au profit de régimes par capitalisation, qu'ils soient privés ou publics. Elle se penche sur les raisons expliquant les controverses qui entourent l'élaboration des régimes de retraite, et sur la question de savoir si le deuxième pilier des régimes de pension doit être obligatoire, privé, financé par répartition ou par capitalisation, est fondé sur des contributions définies.

Mr. N. A. Barr

Abstract

Looks at the policy choices involved in creating pension schemes, particularly whether it is advisable to move away from government pay-as-you-go pensions toward private or publicly funded plans. Examines the reasons for the controversy surrounding pension design, and whether the second level of pension systems should be mandatory, private, funded, and defined-contribution.

Mr. N. A. Barr

Abstract

Examina las opciones de política a la hora de diseñar un sistema de pensiones, y en especial analiza si es aconsejable reemplazar un régimen estatal basado en el sistema de reparto por planes privados o públicos basados en la capitalización. Examina las razones de la controversia en torno al diseño de los sistemas de pensiones y analiza si el segundo nivel de dichos sistemas debería ser obligatorio, privado, basado en la capitalización y en contribuciones definidas.

Mr. N. A. Barr

Abstract

Looks at the policy choices involved in creating pension schemes, particularly whether it is advisable to move away from government pay-as-you-go pensions toward private or publicly funded plans. Examines the reasons for the controversy surrounding pension design, and whether the second level of pension systems should be mandatory, private, funded, and defined-contribution.

Mr. N. A. Barr

Abstract

Looks at the policy choices involved in creating pension schemes, particularly whether it is advisable to move away from government pay-as-you-go pensions toward private or publicly funded plans. Examines the reasons for the controversy surrounding pension design, and whether the second level of pension systems should be mandatory, private, funded, and defined-contribution.

Mr. N. A. Barr

Abstract

All societies, in one way or another, try to meet people’s needs as they age and can no longer provide for themselves. As developing countries grow, they face difficult issues about when and how to establish pension systems that their more complex economies require. Countries currently making the transition from central planning to more market-oriented approaches confront similar decisions. And in the industrial world, long-established pension systems that have sufficed for decades are now threatened by rapidly expanding populations of pensioners with a shrinking base of productive workers to provide for them.