A new proposal of pension regimes typology: empirical analysis of the OECD countries

Abstract

In the paper, we present a new typology of pension regimes based on two main dimensions: the extent of involvement of the state and the market, and the role of voluntary schemes. We propose three theoretical pension regimes. The study proves that our theoretical typology is also consistent with empirical pension systems in OECD countries. In order to group them into the similar pension models, we employ multivariate statistical analysis. As a result of our empirical research, the regimes distinguished in the theoretical framework have found their counterparts in the clusters of real pension systems operating in 30 countries.