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Pensions at a Glance 2017

OECD and G20 Indicators

image of Pensions at a Glance 2017

The 2017 edition of Pensions at a Glance highlights the pension reforms undertaken by OECD countries over the last two years. Moreover, one special chapter focuses on flexible retirement options in OECD countries and discusses people’s preferences regarding flexible retirement, the actual use of these programs and the impact on benefit levels.

This edition also updates information on the key features of pension provision in OECD countries and provides projections of retirement income for today’s workers. It offers indicators covering the design of pension systems, pension entitlements, the demographic and economic context in which pension systems operate, incomes and poverty of older people, the finances of retirement-income systems and private pensions.

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Expected years after labour market exit

The expected years after labour market exit indicator measures the length of expected remaining life expectancy from the time of average labour market exit by gender. In 2016 the OECD average number of expected years in retirement was 18.1 years for men and 22.5 years for women. France had the highest expected duration, equal to 23.6 years for men 27.6 years for women. Korea had the lowest expected years after labour market exit, at 13.0 years for men and 16.2 years for women. The average duration of expected years in retirement across OECD countries has increased over time. In 1970 men in the OECD countries spent on average 11 years in retirement, and women 15 based on this indicator. By 2016 this had increased to 18 and 22 years, respectively.

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