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Individual accounts: Lessons from Sweden
Author(s) -
Turner John
Publication year - 2004
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/j.0020-871x.2004.00181.x
Subject(s) - public economics , business , economics , actuarial science
Increasing numbers of countries are using mandatory funded individual accounts to provide retirement. Sweden in 2000 instituted a mandatory funded individual account system that differs in a number of ways from earlier such systems. It incorporates features that reflect lessons learned from other countries; in particular, ways to reduce the system's administrative costs.