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The Impact of Changes in Second Pension Pillars on Public Finances in Central and Eastern Europe

Égert, Balázs - Economics Department, Organisation de Coopération et … - 2012

This paper studies the impact of recent changes in second pension pillars of three Central and Eastern European Countries on the deficit and implicit debt of their full pension systems. The paper seeks to answer the following questions: i) what is the impact on the sustainability of Poland’s...

Persistent link: https://www.econbiz.de/10011276816

Restructuring Welfare Spending in Slovenia

Kierzenkowski, Rafal - Economics Department, Organisation de Coopération et … - 2013

-related spending pressures. Reforming the welfare state would help achieve fiscal consolidation, increase the quality of fiscal …

Persistent link: https://www.econbiz.de/10011276959

Comparing the Robustness of PAYG Pension Schemes

Fall, Falilou - Economics Department, Organisation de Coopération et … - 2014

This paper provides a framework for comparing a defined benefit (DB) and a defined contribution (DC) point schemes, which are both pay-as-you go (PAYG) financed. Two stylised PAYG pension schemes are modelled and simulated to compare their robustness to shocks. The same demographic developments...

Persistent link: https://www.econbiz.de/10011276965

Providing Greater Old-Age Security in China

Herd, Richard; Hu, Hu-Wei; Koen, Vincent - Economics Department, Organisation de Coopération et … - 2010

China’s population is set to age fast, owing to low fertility and rising life expectancy. With ongoing migration of the younger cohorts to urban areas the increase in the old-age dependency ratio will be even more pronounced in rural than in urban areas. Very different pension arrangements...

Persistent link: https://www.econbiz.de/10008542491

Achieving Fiscal Flexibility and Safeguarding Sustainability: The Case of Slovakia

Koske, Isabell - Economics Department, Organisation de Coopération et … - 2009

Euro area entry calls for more fiscal flexibility to absorb cyclical shocks that cannot be dealt with by the common monetary policy. At the same time fiscal consolidation must not be put at risk, especially given rising ageing related costs. The current fiscal framework could be improved by...

Persistent link: https://www.econbiz.de/10005045591

The Brazilian Pension System: Recent Reforms and Challenges Ahead

Bonturi, Marcos - Economics Department, Organisation de Coopération et … - 2002

Brazil’s public pension expenditure is about 9 per cent of GDP, above the OECD average. Given that OECD countries are generally not only wealthier, but also significantly older, Brazil’s pension expenditures are clearly excessive, draining resources away from other areas, such as much needed...

Persistent link: https://www.econbiz.de/10005045960

Bringing French Public Debt Down: The Options for Fiscal Consolidation

Égert, Balázs - Economics Department, Organisation de Coopération et … - 2011

France has a track record of persistent general government deficits, partly reflecting pro-cyclical fiscal policies in upswings. This has resulted in a quadrupling of its public debt-to-GDP ratio since the 1970s to above 80% of GDP. Reducing public debt is crucial because a high level of public...

Persistent link: https://www.econbiz.de/10009003060

Improving Taxes and Transfers in Australia

Hemmings, Philip; Tuske, Annamaria - Economics Department, Organisation de Coopération et … - 2015

goals in re-distribution and social welfare, encourage employment, accommodate business-competitiveness concerns and … more revenue from the Goods and Services Tax. The report also advises caution in some recent welfare-reform proposals, and … advocates broad support for business rather than targeted subsidies and other forms of corporate welfare. As regards …

Persistent link: https://www.econbiz.de/10011276985

How to Improve Taxes and Transfers in Israel

Hemmings, Philip - Economics Department, Organisation de Coopération et … - 2014

goals in re-distribution and social welfare, recognise the influence taxation has on businesses’ competitiveness and …

Persistent link: https://www.econbiz.de/10011276992

Fairly Sharing the Social Impact of the Crisis in Greece

Koutsogeorgopoulou, Vassiliki; Matsaganis, Manos; … - Economics Department, Organisation de Coopération et … - 2014

Poverty and income inequality have worsened since the onset of the crisis. While the design of fiscal measures has mitigated the burden sharing of fiscal adjustment, as the recession has deepened unemployment has risen, earnings have declined and social tensions have increased. Getting people...

Persistent link: https://www.econbiz.de/10011277003