Automatic Adjustment Mechanisms in Pension Systems
In the search for the sustainability of public pension systems, both, gradual parametric reforms (changes in retirement age, contribution rates or revaluation adjustments) and systemic reforms (NDC schemes) have been the main strategies as high-income countries have responded to continuous longevity increases, below replacement level fertility, and the corresponding upward trend in old-age dependency ratios. All this has also happened in low productivity gains and economic growth, rapidly shifting labor markets, changing interest rates and regulatory reforms scenarios.
Categoría Foro de Expertos
Formato Foro de expertos BBVA
Autor: INSTITUTO BBVA DE PENSIONES
04 de enero de 2023
ACTUALIZACIÓN PENSIONESPENSIONESSOSTENIBILIDAD DE LAS PENSIONESREFORMAS DE PENSIONESSUFICIENCIA DE LAS PENSIONESPENSIONES PÚBLICAS