Description: Modeling Pension Reform : The World Bank's Pension Reform Options Simulation Toolkit

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Modeling Pension Reform : The World Bank's Pension Reform Options Simulation Toolkit

Today's pension policies can affect retirement incomes and the public finances for decades to come. Retirement income systems that are affordable today, will often prove unsustainable in the future, given the twin pressures of demographic agin...

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Bibliographic Details
Main Author:	World Bank
Language:	English
Published:	Washington, DC 2012
Subjects:	BABY BENEFICIARIES BENEFIT LEVELS BONDS CASH BALANCES CLIENT COUNTRIES CONTRIBUTION RATE CONTRIBUTION RATES DEMOGRAPHIC DEPENDENCY RATIO DEPENDENCY RATIOS ECONOMIC GROWTH ELDERLY EXPENDITURE EXPENDITURES EXPOSURE FERTILITY FEWER CHILDREN FINANCIAL FLOWS FISCAL DEFICIT GENDER HUMAN DEVELOPMENT IMPLICIT PENSION DEBT INCOME LEVELS INTEREST RATES LABOR FORCE LABOR FORCE PARTICIPATION LABOR MARKET LIFE EXPECTANCY LONG-TERM PROJECTIONS MARKET ENTRY MINORITY MORTALITY NOTIONAL ACCOUNTS NUMBER OF PEOPLE NUMBER OF WOMEN OUTPUT OUTPUTS PAY-AS-YOU-GO PENSION SYSTEMS PAY-AS-YOU-GO SYSTEMS PAYROLL TAX PENSION PENSION BENEFIT PENSION BENEFITS PENSION CONTRIBUTIONS PENSION DEBT PENSION ENTITLEMENTS PENSION LIABILITIES PENSION MODELING PENSION POLICIES PENSION PROGRAMS PENSION REFORM PENSION REGIMES PENSION RIGHTS PENSION SCHEME PENSION SCHEMES PENSION SYSTEM PENSIONABLE AGES PENSIONERS PENSIONS POLICY MAKERS POPULATION PROJECTIONS PROVIDENT FUND PUBLIC FINANCES QUALITY IMPROVEMENT REFORM PROGRAM REPLACEMENT RATE RETIREES RETIREMENT RETIREMENT AGE RETIREMENT INCOME RETIREMENT INCOME SYSTEMS RETIREMENT INCOMES RETIREMENT SAVINGS RETIREMENT SAVINGS ACCOUNTS RETURNS SEX SOCIAL PROTECTION SOCIAL SECURITY STOCKS UNEMPLOYMENT UNEMPLOYMENT RATES WAGE GROWTH WILL
Online Access:	http://documents.worldbank.org/curated/en/2010/11/13982999/modeling-pension-reform-world-banks-pension-reform-options-simulation-toolkit http://hdl.handle.net/10986/11074

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Summary:	Today's pension policies can affect retirement incomes and the public finances for decades to come. Retirement income systems that are affordable today, will often prove unsustainable in the future, given the twin pressures of demographic aging and the maturing of pension schemes. The World Bank's pension reform options simulation toolkit (PROST) models pension contributions, entitlements, system revenues, and system expenditures over a long time frame. The model is designed to promote informed policymaking, bridging the gap between quantitative and qualitative analysis of pension regimes. It is a flexible, computer-based toolkit, easily adapted to wide range of countries' circumstances.