Person:
Palmer, Edward
Author Name Variants
Fields of Specialization
Social insurance,
Pensions,
Welfare economics
Degrees
Externally Hosted Work
Contact Information
Last updated
January 31, 2023
Biography
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.
Publication Search Results
1 - 1 of 1
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Publication
The Latvian NDC Scheme: Success Under a Decreasing Labor Force
(World Bank, Washington, DC, 2019-04)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.