Economic Policy Reforms 2005

Going for Growth

image of Economic Policy Reforms 2005
Economic Policy Reforms: Going for Growth is a new annual periodical – intended as a complement to the OECD Economic Outlook and OECD Economic Surveys – which gives an overview of structural policy developments in OECD countries.  The report pinpoints structural policy priorities to enhance GDP per capita for all member countries, and ways to improve labour productivity and utilisation are identified on the basis of cross-country comparisons of policy settings.

A chapter presenting key structural policy indicators (including labour costs and taxation, unemployment and disability benefits, product market regulation, trade barriers, educational attainment and public investment) is followed by a comprehensive Country Notes chapter, consisting of individual analytical sections for each member country and the European Union.

Each issue of Economic Policy Reforms: Going for Growth will also present several in-depth thematic studies. The topics covered in this first issue are: product market regulation, retirement effects of old-age pension and early retirement schemes, female labour force participation and the long-term budgetary implications of tax-favoured retirement saving plans.

English French


The Retirement Effect of Old-age Pension and Early Retirement Schemes in OECD Countries

OECD research summarised in this Chapter demonstrates that public pension systems and other social transfer programmes (such as unemployment, disability or special early retirement benefit systems) embody significant early retirement incentives. New empirical evidence shows that these schemes have played a major role in depressing employment at older ages, most prominently in a number of continental European countries where the work disincentives are particularly large. Therefore, a removal of early retirement incentives could raise effective retirement ages appreciably. For instance, labour force participation rates of older workers could be increased by over 15 percentage points in most continental European countries.

English French

This is a required field
Please enter a valid email address
Approval was a Success
Invalid data
An Error Occurred
Approval was partially successful, following selected items could not be processed due to error