4:00—5:30 PM
Center for Global Development
2055 L St, NW
- Fifth Floor
Washington, DC 20036

The Future of Saving: The Role of Pension System Design in an Aging World


  • Era Dabla-Norris, Division Chief, Fiscal Affairs Department, International Monetary Fund; Lead author of the Staff Discussion Note
  • Richard Jackson, Founder and President, Global Aging Institute (GAI)
  • Signe-Mary McKernan, Vice President, Center on Labor, Human Services, and Population; Co-director, Opportunity and Ownership Initiative, Urban Institute
  • Anita Schwarz, Lead Economist, Social Protection and Labor Global Practice, World Bank


  • Sanjeev Gupta, Senior Policy Fellow, Center for Global Development


Over the coming decades, declining fertility and increasing longevity will profoundly change the population age distribution in many countries. The fiscal consequences of this demographic transition have received considerable policy attention around the world, but what implications will it have for saving rates across countries? What role does the design of retirement systems play?

This event launches a new IMF Paper on these issues. It finds that private saving drives national saving over the next 30 years and shows how pension system characteristics influence saving patterns across the world.

Vitor Gaspar, Director of the IMF’s Fiscal Affairs Department, will give introductory remarks, followed by a short presentation of the main findings of the paper by Alexander Tieman, Deputy Division Chief in the IMF’s Fiscal Affairs Department and one of the authors of the paper. A panel discussion on the topic of pensions and saving, discussing challenges for policymaker and individuals in countries at different stages of development, will follow the presentation.

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