Palmer, Edward

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Social insurance, Pensions, Welfare economics
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Last updated January 31, 2023
Edward Palmer is a Professor (emeritus) of Social Insurance Economics and Senior Fellow at the Uppsala Center for Labor Studies. He shared professorships first at Gothenburg and then Uppsala University with a position as Head of Research and Evaluation at the Swedish Social Insurance Agency. He was an expert economist in Sweden's pension reform group, has advised in numerous countries, and has published extensively in macro and social insurance economics.

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    The Latvian NDC Scheme: Success Under a Decreasing Labor Force
    (World Bank, Washington, DC, 2019-04) Palmer, Edward ; Stabina, Sandra
    Latvia introduced a nonfinancial defined contribution (NDC) scheme in 1996 as it transitioned to a market economy. Despite a 20 percent decline in the working-age population from 1994–2016, the ratio of contributors to old-age pensioners rose from 1.6 to 2.1 given a steady increase in formal labor force participation and 5-6 percent real per capita wage growth. Projections show that long-term financial balance will be maintained through 2070, despite the threat of a projected 50 percent decline in the working-age population. Budgeted reserves will cushion the continued transition into a two-pillar public pension scheme. Latvia’s most important long-term policy challenge is to create the domestic investments and economic growth to reward younger workers for remaining in the country.