This paper breaks down the contingent liability of a mandatory pension system into two components: the implicit pension debt and the pay-as-you-go asset. It then estimates these two components for 12 pension schemes across six MENA countries and presents international comparisons. The results show that implicit pension debts are large (in the order of 50 percent to 100 percent of GDP), often higher than the explicit public debt. At the same time...
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INFORMATION
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2006/08/01
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Document de travail (série numérotée)
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37104
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1
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1
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2010/07/01
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Disclosed
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Implicit pension debt in the Middle-East and North Africa: magnitude and fiscal implications
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implicit pension debt