Abstract
Prior studies have noted the highly heterogeneous design of funded pensions. We recognize that there is no single best design and the successful implementation of any reform depends on political factors outside the scope of the reforms. Unfortunately, there is no repository of all reforms affecting private pensions. Following Beetsma et al. (2020) and Carone et al. (2016), this study codes private pension reforms by distinguishing between two dimensions: the reforms’ direction and topic. The direction was categorized as expanding, contracting, or both. While topics mainly affect benefit, contribution, coverage, fees, taxes, and diversification/security. We evaluate the short-term effect of funded pension reforms on the size of their assets in OECD countries between 2005 and 2020.
Presenters
Sara Ynes Gonzales SantistebanStudent, PhD Student, Universidad Carlos III de Madrid, Madrid, Spain
Details
Presentation Type
Paper Presentation in a Themed Session
Theme
Public Policy and Public Perspectives on Aging
KEYWORDS
PRIVATE PENSION, REFORM, ASSET SIZE, OECD
