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The politics of NDC pension scheme diffusion: constraints and drivers

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dc.contributor.author Guardiancich, Igor
dc.contributor.author Weaver, R. Kent
dc.contributor.author Demarco, Gustavo
dc.contributor.author Dorfman, Mark C.
dc.date.accessioned 2019-08-01T13:47:26Z
dc.date.available 2019-08-01T13:47:26Z
dc.date.issued 2019-08-01
dc.identifier.citation Guradiancich I., Weaver R. K., Demarco G., Dorfman M. (2019), The politics of NDC pension scheme diffusion: constraints and drivers, Roma, INAPP, WP, n. 38 <https://oa.inapp.org/xmlui/handle/20.500.12916/476> en_US
dc.identifier.uri https://oa.inapp.org/xmlui/handle/20.500.12916/476
dc.description.abstract Nonfinancial defined contribution (NDC) schemes offer governments desirable properties in terms of efficiency, fairness, and financial sustainability and an opportunity to deflect the blame for pension cuts. Yet adoptions of NDC schemes largely ground to a halt and several countries retreated from NDC implementation after legislation. Lack of support from powerful international actors is partly to blame, as is the perceived rigidity of NDC in reducing room for policy maneuver. Correct implementation requires substantial administrative capacity. Less demanding automatic stabilizing mechanisms undercut the appeal of NDC in the European Union. Thus, while being an important option for policy makers and a benchmark against which to measure alternative reforms, NDC is unlikely to become the dominant pension design choice anytime soon. en_US
dc.language.iso en en_US
dc.subject Pensionamento en_US
dc.subject Pensione en_US
dc.subject Previdenza en_US
dc.title The politics of NDC pension scheme diffusion: constraints and drivers en_US
dc.type Working Paper en_US
dc.type.relation Working Paper;

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