 As forecasted by the United Nations (UN), the Norwegian population over 65 years of age will reach a share of 25% of the country’s population by 2060, contrasting a 16% figure in 2015.In adherence to this assumption and if there had not been an effective reform to the National Insurance Scheme in Norway, government expenditure for old age pensions would have amounted to 13% of GDP by 2060, which is more than double what was spent in 2013 (6% of GDP).Norway’s pension reform has enjoyed widespread public support as its objective to improve the sustainability of the pensions system in the long-run has derived in strong labor supply incentives to get citizens to work more and for a longer period while keeping essential features of the re-distributive nature of the old scheme intact.