Premium
Global pension systems and their reform: Worldwide drivers, trends and challenges
Author(s) -
Holzmann Robert
Publication year - 2013
Publication title -
international social security review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.349
H-Index - 28
eISSN - 1468-246X
pISSN - 0020-871X
DOI - 10.1111/issr.12007
Subject(s) - pension , financial crisis , pension system , key (lock) , focus (optics) , perception , political science , state (computer science) , economic policy , business , economics , finance , macroeconomics , psychology , computer science , physics , computer security , neuroscience , optics , algorithm
Across the world, pension systems and their reforms are in a constant state of flux driven by a shifting focus, moving reform needs, and a changing enabling environment that reflect objective events but also changes in views and perception. The ongoing worldwide financial crisis and the adjustment to an uncertain “new normal” will make future pension systems different from past ones. The objectives of this article are: i) to briefly review recent and ongoing key changes that are triggering reforms; ii) to outline the main reform trends across pension pillars over the last two decades; and iii) to present key policy areas on which the pension reform community will need to focus to make a difference.