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Norway Selected Issues

This Selected Issues paper reviews the main elements of the National Insurance Scheme (NIS) and the Family Allowance Scheme (FAS) in Norway and provides projections of future pension expenditures. All persons residing or working in Norway are insured under the NIS, and the system is financed on a pa...

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Bibliographic Details
Corporate Author: International Monetary Fund
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 1999
Series:IMF Staff Country Reports
Subjects:
Depository Institutions
Private Pensions
Banks
Pension Spending
Social Security And Public Pensions
Banks And Banking
Nonwage Labor Costs And Benefits
Monetary Economics
Inflation Targeting
Micro Finance Institutions
Balance Of Payments
Currency
Exports And Imports
Mortgages
International Economics
Aging
Labor
Population And Demographics
Expenditure
Foreign Exchange
Pensions
Prices
Macroeconomics
Monetary Policy
Banking
Exchange Rates
Public Finance
Money And Monetary Policy
Norway
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary:This Selected Issues paper reviews the main elements of the National Insurance Scheme (NIS) and the Family Allowance Scheme (FAS) in Norway and provides projections of future pension expenditures. All persons residing or working in Norway are insured under the NIS, and the system is financed on a pay-as-you-go basis through contributions and from general tax revenue. The paper demonstrates that indexing pensions to wages, in line with recent practice, would result in a large net liability by the year 2050, which could be reduced by indexing pensions instead to consumer prices
Physical Description:71 pages
ISBN:9781451829655

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