The Gender Impact of Social Security Reform

摘要

Pension systems are being modified in many parts of the world. The growing financial pressure of aging populations makes policies that strengthen the link between individual contributions and benefits particularly important. Indeed, many countries have replaced a defined benefit system with a defined contribution one, since aging populations may make defined benefit pay-as-you-go schemes economically unstable. Defined contribution systems, on the other hand, are financially stable because no more can be taken out of the system than has been put into it.