Pensions: How does the UK compare? OECD, November 2005.

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Presentation transcript:

Pensions: How does the UK compare? OECD, November 2005

Net replacement rate: average earner Net replacement rate (pension/earnings, per cent Ireland United Kingdom United States Australia Canada Japan OECD average France Germany Italy Luxembourg

Net replacement rate: low earner Net replacement rate (pension/earnings), individual on half average earnings, per cent United States Germany Ireland Australia United Kingdom Japan OECD average Italy Canada France Luxembourg

Older people’s relative incomes Net income of year olds, per cent of overall average income Australia United Kingdom Ireland New Zealand Italy OECD average France Germany Japan Luxembourg Netherlands Canada United States

Old-age poverty Percentage of year olds with income below half median population income New Zealand Netherlands Luxembourg Canada Germany France OECD average United Kingdom Italy Japan United States Australia Ireland

Fiscal projections Current and 2050 old-age pension spending, per cent of GDP Australia United Kingdom United States New Zealand Canada Netherlands Japan OECD average Germany France Italy 0

Sources and further reading Pensions at a Glance: Public Policies across OECD Countries, OECD, 2005 ‘Income distribution and poverty in OECD Countries in the second half of the 1990s’, by Michael Förster and Marco Mira d'Ercole, Social, Employment and Migration working paper no. 22, OECD, 2005 ‘Fiscal implications of ageing: projections of age-related spending’, by Thai Thanh Dang, Pablo Antolín and Howard Oxley, Economics Department working paper no. 305, OECD, 2001 Ageing and Employment Policies: United Kingdom, OECD, 2005 Ageing and Income – Financial Resources and Retirement in Nine OECD Countries, OECD, 2001

Contact information Edward Whitehouse ELS/SPD OECD 2 rue Andre Pascal Paris France Internet: