Skip to main content

The political process and phase‐in period of pension reforms

Based on 1,828 legislated reform packages in 23 countries from 1970 to 2023 the paper determine whether those reforms improve or worsen the financial position of the current participants and the length of the phase‐in periods. The research contributes to understanding the political economy of pension reforms and their implementation timelines.

18. september 2024

Reforms making pension systems less generous have longer phase‐in periods, but there is no significant relation between demographic conditions and length of the phase‐in period.