{"id":"https://openalex.org/W1497711294","doi":"https://doi.org/10.1787/5km91p3jszxw-en","title":"The Impact of the Financial Crisis on Defined Benefit Plans and the Need for Counter-Cyclical Funding Regulations","display_name":"The Impact of the Financial Crisis on Defined Benefit Plans and the Need for Counter-Cyclical Funding Regulations","publication_year":2010,"publication_date":"2010-07-01","ids":{"openalex":"https://openalex.org/W1497711294","doi":"https://doi.org/10.1787/5km91p3jszxw-en","mag":"1497711294"},"language":"en","primary_location":{"id":"doi:10.1787/5km91p3jszxw-en","doi":"https://doi.org/10.1787/5km91p3jszxw-en","is_oa":false,"landing_page_url":"https://doi.org/10.1787/5km91p3jszxw-en","pdf_url":null,"source":{"id":"https://openalex.org/S4210213477","display_name":"OECD working papers on finance, insurance private pensions","issn_l":"2079-7117","issn":["2079-7117"],"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"OECD Working Papers on Finance, Insurance and Private Pensions","raw_type":"report"},"volume":null,"type":"report","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5069162235","display_name":"Juan Yermo","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I1288051870","display_name":"Organisation de Coop\u00e9ration et de D\u00e9veloppement Economiques","ror":"https://ror.org/0438wbg98","country_code":"FR","type":"government","lineage":["https://openalex.org/I1288051870"]}],"countries":["FR"],"is_corresponding":false,"raw_author_name":"Juan Yermo","raw_affiliation_strings":["OECD","OECD France"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"OECD","institution_ids":["https://openalex.org/I1288051870"]},{"raw_affiliation_string":"OECD France","institution_ids":["https://openalex.org/I1288051870"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5087918707","display_name":"Clara Kristina Severinson","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I1288051870","display_name":"Organisation de Coop\u00e9ration et de D\u00e9veloppement Economiques","ror":"https://ror.org/0438wbg98","country_code":"FR","type":"government","lineage":["https://openalex.org/I1288051870"]}],"countries":["FR"],"is_corresponding":false,"raw_author_name":"Clara Severinson","raw_affiliation_strings":["OECD","OECD France"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"OECD","institution_ids":["https://openalex.org/I1288051870"]},{"raw_affiliation_string":"OECD France","institution_ids":["https://openalex.org/I1288051870"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":[],"corresponding_institution_ids":["https://openalex.org/I1288051870"],"apc_list":null,"apc_paid":null,"fwci":null,"has_fulltext":false,"cited_by_count":35,"citation_normalized_percentile":null,"cited_by_percentile_year":null,"biblio":{"volume":null,"issue":null,"first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10517","display_name":"Financial Literacy, Pension, Retirement Analysis","score":0.9965999722480774,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10517","display_name":"Financial Literacy, Pension, Retirement Analysis","score":0.9965999722480774,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10443","display_name":"Social Policy and Reform Studies","score":0.0006000000284984708,"subfield":{"id":"https://openalex.org/subfields/3320","display_name":"Political Science and International Relations"},"field":{"id":"https://openalex.org/fields/33","display_name":"Social Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T14003","display_name":"Labor Law and Work Dynamics","score":0.0005000000237487257,"subfield":{"id":"https://openalex.org/subfields/3320","display_name":"Political Science and International Relations"},"field":{"id":"https://openalex.org/fields/33","display_name":"Social Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/defined-benefit-pension-plans","display_name":"defined benefit pensions","score":0.8730000257492065},{"id":"https://openalex.org/keywords/financial-crises","display_name":"financial crisis","score":0.847000002861023},{"id":"https://openalex.org/keywords/countercyclical-regulation","display_name":"countercyclical regulation","score":0.9200000166893005},{"id":"https://openalex.org/keywords/defined-contribution-pensions","display_name":"defined contribution pensions","score":0.7689999938011169}],"concepts":[{"id":"https://openalex.org/C2780899237","wikidata":"https://www.wikidata.org/wiki/Q156223","display_name":"Pension","level":2,"score":0.7557830810546875},{"id":"https://openalex.org/C2776505523","wikidata":"https://www.wikidata.org/wiki/Q4785468","display_name":"Plan (archaeology)","level":2,"score":0.6029012203216553},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.5938829779624939},{"id":"https://openalex.org/C2991981721","wikidata":"https://www.wikidata.org/wiki/Q156223","display_name":"Pension plan","level":3,"score":0.5659990906715393},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.5348827838897705},{"id":"https://openalex.org/C2992337254","wikidata":"https://www.wikidata.org/wiki/Q31275820","display_name":"Financial stability","level":2,"score":0.5046864748001099},{"id":"https://openalex.org/C2778300220","wikidata":"https://www.wikidata.org/wiki/Q114380","display_name":"Financial crisis","level":2,"score":0.463759183883667},{"id":"https://openalex.org/C70179600","wikidata":"https://www.wikidata.org/wiki/Q1416547","display_name":"Financial plan","level":2,"score":0.44405263662338257},{"id":"https://openalex.org/C3019422483","wikidata":"https://www.wikidata.org/wiki/Q1646605","display_name":"Member states","level":3,"score":0.419231116771698},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.29514381289482117},{"id":"https://openalex.org/C105639569","wikidata":"https://www.wikidata.org/wiki/Q582577","display_name":"Economic policy","level":1,"score":0.22522565722465515},{"id":"https://openalex.org/C73283319","wikidata":"https://www.wikidata.org/wiki/Q1416617","display_name":"Financial system","level":1,"score":0.10231661796569824},{"id":"https://openalex.org/C2910001868","wikidata":"https://www.wikidata.org/wiki/Q458","display_name":"European union","level":2,"score":0.07550778985023499},{"id":"https://openalex.org/C95457728","wikidata":"https://www.wikidata.org/wiki/Q309","display_name":"History","level":0,"score":0.0},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.0},{"id":"https://openalex.org/C166957645","wikidata":"https://www.wikidata.org/wiki/Q23498","display_name":"Archaeology","level":1,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.1787/5km91p3jszxw-en","doi":"https://doi.org/10.1787/5km91p3jszxw-en","is_oa":false,"landing_page_url":"https://doi.org/10.1787/5km91p3jszxw-en","pdf_url":null,"source":{"id":"https://openalex.org/S4210213477","display_name":"OECD working papers on finance, insurance private pensions","issn_l":"2079-7117","issn":["2079-7117"],"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"OECD Working Papers on Finance, Insurance and Private Pensions","raw_type":"report"}],"best_oa_location":null,"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":0,"referenced_works":[],"related_works":["https://openalex.org/W2078746294","https://openalex.org/W7099536037","https://openalex.org/W2498982491","https://openalex.org/W4236056100","https://openalex.org/W3121969372","https://openalex.org/W2200204622","https://openalex.org/W1992391007","https://openalex.org/W1573652893","https://openalex.org/W2040176907","https://openalex.org/W3045015174"],"abstract_inverted_index":{"Three":[0],"essential":[1],"goals":[2,38],"of":[3,14,18,94,127,171],"pension":[4,25,132],"plan":[5,48,97,113,146],"funding":[6,19,64,82,159],"are":[7,51,100],"the":[8,72,125,128,135,149,169],"long-term":[9,73],"viability,":[10],"stability":[11],"and":[12,74,90,107,120,134,155,174],"security":[13,170],"member":[15,77],"benefits.":[16],"Reform":[17],"regulations":[20,65,83,160],"for":[21,71,157,180],"defined":[22,58],"benefit":[23],"(DB)":[24],"schemes":[26,44,133],"to":[27,47,117,141,153,176],"make":[28,42],"them":[29],"more":[30,45,115,161],"counter-cyclical":[31,162],"in":[32,163],"nature":[33],"can":[34],"help":[35,67,103,142,175],"achieve":[36],"these":[37],"as":[39,41],"well":[40],"DB":[43,56,69,81,131,172,178],"attractive":[46],"sponsors":[49,114],"that":[50],"increasingly":[52],"moving":[53],"away":[54],"from":[55],"towards":[57],"contribution":[59],"plans.":[60],"If":[61],"designed":[62],"properly,":[63],"could":[66,167],"maintain":[68,104,177],"systems":[70],"provide":[75],"greater":[76],"security.":[78],"Broadly":[79],"speaking,":[80],"should":[84],"(i)":[85],"encourage":[86],"deficit":[87],"reduction":[88],"contributions":[89],"appropriate":[91],"build":[92],"up":[93],"surplus":[95],"when":[96],"sponsor":[98],"finances":[99],"strong;":[101],"(ii)":[102],"predictable":[105],"costs":[106],"dampen":[108],"volatility;":[109],"and,":[110],"(iii)":[111],"give":[112],"control":[116],"manage":[118],"risks":[119],"costs.":[121],"This":[122],"paper":[123,150],"discusses":[124],"impact":[126],"crisis":[129],"on":[130],"temporary":[136],"responses":[137],"taken":[138],"by":[139],"regulators":[140],"ease":[143],"financially":[144],"strained":[145],"sponsors.":[147],"Furthermore,":[148],"presents":[151],"suggestions":[152],"governments":[154],"policy-makers":[156],"making":[158],"nature.":[164],"Such":[165],"measures":[166],"strengthen":[168],"benefits":[173],"plans":[179],"future":[181],"workers.":[182]},"counts_by_year":[{"year":2024,"cited_by_count":1},{"year":2023,"cited_by_count":1},{"year":2022,"cited_by_count":4},{"year":2018,"cited_by_count":2},{"year":2017,"cited_by_count":4},{"year":2016,"cited_by_count":2},{"year":2015,"cited_by_count":7},{"year":2014,"cited_by_count":2},{"year":2012,"cited_by_count":4}],"updated_date":"2026-10-16T09:59:22.235173","created_date":"2016-06-24T00:00:00"}
