OECD

Printer-friendly version
The Age of Eligibility for Public Retirement Programs in the OECD

Summary

  • All industrialized countries, particularly those in the OECD and including Canada, are experiencing an aging of their populations.
  • Of the 22 high-income OECD countries apart from Canada, 18 of them (over 80 percent) (Australia, Austria, Belgium, Denmark, Finland, France, Germany, Iceland, Ireland, Italy, Japan, Korea, the Netherlands, New Zealand, Portugal, Spain, the United Kingdom, and the United States) are enacting increases in the age of eligibility for public retirement programs.
  • Thirteen countries, or almost 60 percent (Australia, Belgium, Denmark, France, Germany, Iceland, Ireland, Italy, the Netherlands, New Zealand, Spain, the United Kingdom, and the United States) are increasing their age of eligibility for public retirement programs to 67 years old or older; 2 of these (Ireland and the United Kingdom) are moving to 68 years, and Iceland is moving to 70 years.
  • Five countries are indexing their age of eligibility with life expectancy, meaning that the age of eligibility will be automatically adjusted as life expectancy changes.
  • Four countries in addition to Canada are retaining the status quo with no reforms: Luxembourg, Norway, Sweden, and Switzerland.
  • In 2015, Canada’s federal government reversed a 2012 reform that would have increased the age of eligibility for Old Age Security and the Guaranteed Income Supplement to 67 by 2029. The federal government estimates that this policy reversal will cost $10.4 billion in 2030.

Canada’s 21st century wage miracle

In three of the world’s richest countries, average real wages are lower today than they were in 2010.

Printer-friendly version

This paper compares the economic performance of Canada?s health insurance system against the health insurance systems of 27 other countries that are members of the Organisation for Economic Co-operation and Development (OECD). According to the most recent internationally comparable data from 2009, Canada had the sixth most expensive health care system (defined by total health spending as a percentage of GDP) among OECD countries without adjusting for differences in the population age distributions between countries. Despite being ranked as the sixth most expensive health insurance system among OECD countries in 2009, Canada ranked below the majority of the other 27 OECD countries in almost every indicator of medical resource availability and the output of medical services for which comparable data were available.

Printer-friendly version

This paper compares the economic performance of Canada?s health insurance system against the health insurance systems of 27 other countries that are members of the Organisation for Economic Co-operation and Development (OECD). Economic performance is defined by the availability of medical resources and the output of medical services, as well as the associated level of national health spending as a percentage of GDP. The value for money produced by a country?s health insurance system is defined relative to the economic performance of the health insurance systems of its international peers . Our analysis uses the most recent internationally comparable data reported to the OECD by its member countries, current to the year 2007, for the 28 OECD countries reporting sufficient data for comparison.

Subscribe to RSS - OECD