Pension Reform: A Global Perspective

This chapter examines the pressing need for pension reform against a backdrop of inflation and demographic changes, drawing on a study of pension systems in 48 countries. It contrasts successful individual account systems in countries like Australia and Singapore with traditional pay-as-you-go models seen in G7 economies. The discussion highlights the urgent political implications and challenges of reforming retirement savings and social security systems, particularly in the U.S. and France.