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This book examines the major economic challenges associated with the sustainability of public pensions, specifically demographic change, labor-market relations,

Chile’s pension system came under close scrutiny in recent years. This paper takes stock of the adequacy of the system and highlights its challenges. Chile’

Pension reform is high on the policy agenda of many advanced and emerging market economies. In advanced economies the challenge is generally to contain future i

Since pension schemes-along with health care and education-absorb the largest amount of social expenditure in all countries, their reform has a potentially majo

Pension reform is high on the agenda of many advanced and emerging market economies, for many reasons. First, public pensions often constitute a large share of