Pensions in the Middle East and North Africa: Time for Change

This is the first comprehensive assessment of pension systems in the Middle East and North Africa. While other regions-Central Asia, Eastern Europe, and Latin America, in particular-have been actively introducing reforms to their pension systems, M...

Full description

Bibliographic Details
Main Author:	Robalino, David
Other Authors:	Whitehouse, Edward
Format:	Publication
Language:	English en_US
Published:	Washington, DC: World Bank 2012
Subjects:	PENSION SYSTEMS PENSION REFORMS POLICY AGENDA ECONOMIC SYSTEMS FRAMEWORK FOR PENSION REFORM
Online Access:	http://documents.worldbank.org/curated/en/2005/05/6427189/pensions-middle-east-north-africa-time-change http://hdl.handle.net/10986/7427

id	okr-10986-7427
recordtype	oai_dc
spelling	okr-10986-74272021-04-23T14:02:28Z Pensions in the Middle East and North Africa: Time for Change Robalino, David Whitehouse, Edward Mataoanu, Anca N. Musalem, Alberto R. Sherwood, Elizabeth Sluchynsky, Oleksiy PENSION SYSTEMS PENSION REFORMS POLICY AGENDA ECONOMIC SYSTEMS FRAMEWORK FOR PENSION REFORM This is the first comprehensive assessment of pension systems in the Middle East and North Africa. While other regions-Central Asia, Eastern Europe, and Latin America, in particular-have been actively introducing reforms to their pension systems, Middle East and North African countries have lagged behind. This is explained, in part, by the common belief that, because demographics remain favorable-the countries are young and the labor force is expanding rapidly-financial problems are far in the future; as a result, pension reform does not have to be a priority in the broader policy agenda. However, the authors show that aging is not the only factor behind a financial crisis; the problem is the generosity of the current schemes. Moreover, badly designed benefit formulas and eligibility conditions introduce unnecessary economic distortions and make the systems vulnerable to adverse distributional transfers. The book does not present a general model that could solve the problems of all pension systems in MENA countries. Instead the authors focus on outlining a framework for guiding discussions on pension reform and making objective policy choices. 2012-06-07T17:57:08Z 2012-06-07T17:57:08Z 2005 http://documents.worldbank.org/curated/en/2005/05/6427189/pensions-middle-east-north-africa-time-change 0-8213-6185-6 http://hdl.handle.net/10986/7427 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Washington, DC: World Bank Publications & Research :: Publication Publications & Research :: Publication Middle East and North Africa
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	PENSION SYSTEMS PENSION REFORMS POLICY AGENDA ECONOMIC SYSTEMS FRAMEWORK FOR PENSION REFORM
spellingShingle	PENSION SYSTEMS PENSION REFORMS POLICY AGENDA ECONOMIC SYSTEMS FRAMEWORK FOR PENSION REFORM Robalino, David Pensions in the Middle East and North Africa: Time for Change
geographic_facet	Middle East and North Africa
description	This is the first comprehensive assessment of pension systems in the Middle East and North Africa. While other regions-Central Asia, Eastern Europe, and Latin America, in particular-have been actively introducing reforms to their pension systems, Middle East and North African countries have lagged behind. This is explained, in part, by the common belief that, because demographics remain favorable-the countries are young and the labor force is expanding rapidly-financial problems are far in the future; as a result, pension reform does not have to be a priority in the broader policy agenda. However, the authors show that aging is not the only factor behind a financial crisis; the problem is the generosity of the current schemes. Moreover, badly designed benefit formulas and eligibility conditions introduce unnecessary economic distortions and make the systems vulnerable to adverse distributional transfers. The book does not present a general model that could solve the problems of all pension systems in MENA countries. Instead the authors focus on outlining a framework for guiding discussions on pension reform and making objective policy choices.
author2	Whitehouse, Edward
author_facet	Whitehouse, Edward Robalino, David
format	Publications & Research :: Publication
author	Robalino, David
author_sort	Robalino, David
title	Pensions in the Middle East and North Africa: Time for Change
title_short	Pensions in the Middle East and North Africa: Time for Change
title_full	Pensions in the Middle East and North Africa: Time for Change
title_fullStr	Pensions in the Middle East and North Africa: Time for Change
title_full_unstemmed	Pensions in the Middle East and North Africa: Time for Change
title_sort	pensions in the middle east and north africa: time for change
publisher	Washington, DC: World Bank
publishDate	2012
url	http://documents.worldbank.org/curated/en/2005/05/6427189/pensions-middle-east-north-africa-time-change http://hdl.handle.net/10986/7427
_version_	1764399664916856832

Pensions in the Middle East and North Africa: Time for Change

Similar Items