The public–private pension mix in OECD countries

Abstract

This article surveys the relationship between public and private pension provision in the countries of the Organisation for Economic Co-operation and Development. OECD. Population ageing has led many OECD countries to undertake a wide range of pension reforms. The overall effect of these reforms has in many cases been to reduce public pension promises, often signficantly. This, in turn, has increased the role of private pensions, which have expanded significantly in a number of countries. The article discusses the extent to which a number of countries will need to further increase private provision in order to guarantee adequate future retirement incomes.pension; retirement