Will future pensioners work for longer and retire on less?onsdag, 31 juli 2019
This short publication compares income replacement rates provided by pension systems across generations for all OECD countries. While Pensions at a Glance, one of OECD's flagship pension publications, routinely computes future replacement rates based on current legislation, it the first time such an exercise is undertaken from generations who retired about 15 years ago up to generations entering the labour market now.
Moving so far back is indeed difficult because it requres collecting pension rules that applied several decades ago. The purpose is to identify the impact of both past pension reforms and changing economic conditions.