[en] The present paper reviews key issues in pension design and pension reform encountered all
across the world. The paper heavily refers to the recent U.S. Social Security reform debate in
general and to the Personal Retirement Accounts proposal in particular. A particular
emphasis is put on annuitization and risk-taking in the economy. Our discussion signals some
inadequacy of the proposed measures with respect to the goals of viability of the system and
individual financial security during retirement.
Disciplines :
Economic systems & public economics
Author, co-author :
Jousten, Alain ; Université de Liège - ULiège > HEC-Ecole de gestion : UER > Théorie monétaire et macroéconomie
