Organisation for Economic Co-operation and Development

The average effective age of retirement is calculated as a weighted average of (net) withdrawals from the labour market at different ages over a 5-year period for workers initially aged 40 and over. In order to abstract from compositional effects in the age structure of the population, labour force withdrawals are estimated based on changes in labour force participation rates rather than labour force levels. These changes are calculated for each (synthetic) cohort divided into 5-year age groups. The estimates shown in red are less reliable as they have been derived from interpolations of census data rather than from annual labour force surveys. The estimates for women in Turkey are based on 3-yearly moving averages of participation rates for each 5-year age group. OECD estimates based on the results of national labour force surveys, the European Union Labour Force Survey and, for earlier years in some countries, national censuses.

Data include pension funds per the OECD classification by type of pension plans and by type of pension funds. All types of plans are included (occupational and personal, mandatory and voluntary). The OECD classification considers both funded and book reserved pension plans that are workplace-based (occupational pension plans) or accessed directly in retail markets (personal pension plans). Both mandatory and voluntary arrangements are included. The data include plans where benefits are paid by a private sector entity (classified as private pension plans by the OECD) as well as those paid by a funded public sector entity. A full description of the OECD classification can be found at:http://www.oecd.org/dataoecd/0/49/38356329.pdf. Pension funds include also some personal pension arrangements like the Individual Retirement Accounts (IRAs) in the United States as well as funds for government workers. The coverage of the statistics follows the regulatory and supervisory framework. All authorised pension funds are therefore normally covered by the Global Pension Statistics exercise. Assets pertaining to reserve funds in social security systems are excluded.

Data include pension funds per the OECD classification by type of pension plans and by type of pension funds. All types of plans are included (occupational and personal, mandatory and voluntary). The OECD classification considers both funded and book reserved pension plans that are workplace-based (occupational pension plans) or accessed directly in retail markets (personal pension plans). Both mandatory and voluntary arrangements are included. The data include plans where benefits are paid by a private sector entity (classified as private pension plans by the OECD) as well as those paid by a funded public sector entity. A full description of the OECD classification can be found at: http://www.oecd.org/dataoecd/0/49/38356329.pdf.  Pension funds include also some personal pension arrangements like the Individual Retirement Accounts (IRAs) in the United States as well as funds for government workers. The coverage of the statistics follows the regulatory and supervisory framework. All authorised pension funds are therefore normally covered by the Global Pension Statistics exercise. Assets pertaining to reserve funds in social security systems are excluded.

The Regional Database contains annual data from 1995 to the most recent available year (generally 2014 for demographic and labour market data, 2013 for regional accounts, innovation and social statistics).   In any analytical study conducted at sub-national levels, the choice of the territorial unit is of prime importance. The territorial grids (TL2 and TL3) used in this database are officially established and relatively stable in all member countries, and are used by many as a framework for implementing regional policies. This classification - which, for European countries, is largely consistent with the Eurostat classification - facilitates greater comparability of regions at the same territorial level. The differences with the Eurostat NUTS classification concern Belgium, Greece and the Netherlands where the NUTS 2 level correspond to the OECD TL3 and Germany where the NUTS1 corresponds to the OECD TL2 and the OECD TL3 corresponds to 97 spatial planning regions (Groups of Kreise). For the United Kingdom the Eurostat NUTS1 corresponds to the OECD TL2. Due to limited data availability, labour market indicators in Canada are presented for a different grid (groups of TL3 regions). Since these breakdowns are not part of the OECD official territorial grids, for the sake of simplicity they are labelled as Non Official Grids (NOG).