Adequacy, Redistribution, and Sustainability of Pension Polic ...

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  • Title: Adequacy, Redistribution, and Sustainability of Pension Policies in the OECD Countries: Using PROMETHEE Analysis
  • Author(s): Soyeon Kim
  • Publisher: Common Ground Research Networks
  • Collection: Common Ground Research Networks
  • Series: Interdisciplinary Social Sciences
  • Journal Title: The International Journal of Interdisciplinary Civic and Political Studies
  • Keywords: Public Pension, Social Security, PROMETHEE, OECD, Ranking
  • Volume: 14
  • Issue: 2
  • Year: 2019
  • ISSN: 2327-0071 (Print)
  • ISSN: 2327-2481 (Online)
  • DOI: https://doi.org/10.18848/2327-0071/CGP/v14i02/1-19
  • Citation: Kim, Soyeon . 2019. "Adequacy, Redistribution, and Sustainability of Pension Policies in the OECD Countries: Using PROMETHEE Analysis." The International Journal of Interdisciplinary Civic and Political Studies 14 (2): 1-19. doi:10.18848/2327-0071/CGP/v14i02/1-19.
  • Extent: 19 pages

Abstract

This study aims to compare the adequacy, redistribution, and sustainability of pension systems in twenty OECD countries, using preference ranking organization method for enrichment (PROMETHEE). It analyzed a ranking of the pension systems of each country regarding three key aspects of pension systems, both individually and combined. The study purposed to help each country to sense their relative position compared to the others and help guide the related policy toward the ideal direction. The results indicate that Luxembourg, Greece, and Spain were found to offer the highest adequacy, while Japan, Poland, and Korea offered the lowest. Portugal, Italy, and Greece ranked highest in terms of redistribution, while, again, Japan, Poland, and Korea ranked the lowest. South Korea, Norway, and Canada were ranked as the top three countries for sustainability, while the lowest three countries were Italy, Luxembourg, and Greece. In terms of all three aspects combined, Norway, Portugal and Hungary were ranked at the highest, and Germany, South Korea and Poland were ranked at the lowest.