[en] The present paper reviews key issues in pension design and pension reform encountered all
<br />across the world. The paper heavily refers to the recent U.S. Social Security reform debate in
<br />general and to the Personal Retirement Accounts proposal in particular. A particular
<br />emphasis is put on annuitization and risk-taking in the economy. Our discussion signals some
<br />inadequacy of the proposed measures with respect to the goals of viability of the system and
<br />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
