Sustainability and Equity Challenges to Pension Systems: The Case of Lebanon
Reform of Lebanon’s pension system is indispensable. The country already faces fiscal sustainability risks, which will be compounded in the future by significantly higher pension- related spending and liabilities, mainly reflecting adverse demographics. In addition to sustainability issues, the pens...
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| Format: | Article |
| Language: | English |
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University of Warsaw
2018-08-01
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| Series: | Journal of Banking and Financial Economics |
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| Online Access: | https://press.wz.uw.edu.pl/cgi/viewcontent.cgi?article=1052&context=jbfe |
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| _version_ | 1841562468563812352 |
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| author | Mariusz Jarmuzek Najla Nakhle |
| author_facet | Mariusz Jarmuzek Najla Nakhle |
| author_sort | Mariusz Jarmuzek |
| collection | DOAJ |
| description | Reform of Lebanon’s pension system is indispensable. The country already faces fiscal sustainability risks, which will be compounded in the future by significantly higher pension- related spending and liabilities, mainly reflecting adverse demographics. In addition to sustainability issues, the pension system also suffers from equity shortcomings – Lebanon is the only MENA country that does not offer social security for retirees in the private sector. While several reform proposals have been formulated since the early 2000s, none has been implemented to date. Costs mount with every year of delay, so action is required soon to address these challenges. |
| format | Article |
| id | doaj-art-76da1833f3b5444694ff51fd7c1a560a |
| institution | Kabale University |
| issn | 2353-6845 |
| language | English |
| publishDate | 2018-08-01 |
| publisher | University of Warsaw |
| record_format | Article |
| series | Journal of Banking and Financial Economics |
| spelling | doaj-art-76da1833f3b5444694ff51fd7c1a560a2025-01-03T00:54:43ZengUniversity of WarsawJournal of Banking and Financial Economics2353-68452018-08-0120182526610.7172/2353-6845.jbfe.2018.2.3Sustainability and Equity Challenges to Pension Systems: The Case of LebanonMariusz Jarmuzek0Najla Nakhle1IMFIMFReform of Lebanon’s pension system is indispensable. The country already faces fiscal sustainability risks, which will be compounded in the future by significantly higher pension- related spending and liabilities, mainly reflecting adverse demographics. In addition to sustainability issues, the pension system also suffers from equity shortcomings – Lebanon is the only MENA country that does not offer social security for retirees in the private sector. While several reform proposals have been formulated since the early 2000s, none has been implemented to date. Costs mount with every year of delay, so action is required soon to address these challenges.https://press.wz.uw.edu.pl/cgi/viewcontent.cgi?article=1052&context=jbfeageingdemographicsequitypensionspension reformfiscal policysustainability |
| spellingShingle | Mariusz Jarmuzek Najla Nakhle Sustainability and Equity Challenges to Pension Systems: The Case of Lebanon Journal of Banking and Financial Economics ageing demographics equity pensions pension reform fiscal policy sustainability |
| title | Sustainability and Equity Challenges to Pension Systems: The Case of Lebanon |
| title_full | Sustainability and Equity Challenges to Pension Systems: The Case of Lebanon |
| title_fullStr | Sustainability and Equity Challenges to Pension Systems: The Case of Lebanon |
| title_full_unstemmed | Sustainability and Equity Challenges to Pension Systems: The Case of Lebanon |
| title_short | Sustainability and Equity Challenges to Pension Systems: The Case of Lebanon |
| title_sort | sustainability and equity challenges to pension systems the case of lebanon |
| topic | ageing demographics equity pensions pension reform fiscal policy sustainability |
| url | https://press.wz.uw.edu.pl/cgi/viewcontent.cgi?article=1052&context=jbfe |
| work_keys_str_mv | AT mariuszjarmuzek sustainabilityandequitychallengestopensionsystemsthecaseoflebanon AT najlanakhle sustainabilityandequitychallengestopensionsystemsthecaseoflebanon |