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Pensions at a Glance 2015

OECD and G20 indicators

image of Pensions at a Glance 2015

The 10-year anniversary edition of Pensions at a Glance highlights the pension reforms undertaken by OECD and G20 countries over the last two years. Two special chapters provide deeper analysis of first-tier pension schemes and of the impact of short or interrupted careers, due to late entry into employment, childcare or unemployment, on pension entitlements. Another chapter analyses the sensitivity of long-term pension replacement rates on various parameters. A range of indicators for comparing pension policies and their outcomes between OECD and G20 countries is also provided.

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Effective age of labour market exit

The average effective age of labour market exit was 64.6 for men and 63.1 for women across OECD countries in 2014. Across all OECD countries, the average effective age of labour market exit is six months higher than the average normal retirement age for men and equal to the average normal retirement age for women. The lowest effective exit age is found in France for men and in the Slovak Republic for women at 59.4 and 58.2 years, respectively. On the other range of the scale, Korea displayed the highest figures, at 72.9 years for men and 70.6 years for women, respectively.

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