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This paper presents a technical note on Mexico’s Financial Sector Assessment Program update. The Mexican experience displays interesting characteristics that provide lessons for other countries that still need to design the decumulation phase of their newly established second pillars. The...
Persistent link: https://www.econbiz.de/10011244170
it is generally successful in explaining bilateral financial flows. If the pension gap were to be financed through the …
Persistent link: https://www.econbiz.de/10011245351
This Selected Issues paper examines the long-term issues with pension expenditures in the Netherlands. The paper … highlights that the public pension for a single person is equal to 70 percent of the (statutory) minimum wage. The minimum wage … and public pensions thus move in lock-step; they are both by law indexed to contract wages in the private sector. This …
Persistent link: https://www.econbiz.de/10005252658
This Selected Issues paper on Chile assesses the long-term outlook of Chile’s private pension system. The paper …
Persistent link: https://www.econbiz.de/10005591527
This Selected Issues paper reviews developments during 2001–02 in the Belarusian pension system, and discusses … potential short- and medium-term reforms needed to put pension system finances on a sustainable path. The paper presents a short … overview of demographic trends and developments in Belarus and their impact on the pension system. It discusses the financial …
Persistent link: https://www.econbiz.de/10005598852
This Selected Issues paper explores the economic consequences of aging and its impact on long-term fiscal sustainability for Cyprus. The study analyzes the potential macroeconomic impact of different approaches to deal with the fiscal costs of aging. It goes beyond a simple quantification of the...
Persistent link: https://www.econbiz.de/10011243631
of gross monthly wages. It analyzes that a comparatively high share of Austria’s family benefits is monetary rather …-skilled workers and women. The IMF report highlights that social security contributions and payroll taxes amount to almost 50 percent …
Persistent link: https://www.econbiz.de/10011245579
using a generational accounting framework. A simulation of retirement incentives suggests that the pension system will …
Persistent link: https://www.econbiz.de/10011243442
This 2007 Article IV Consultation highlights that Tonga’s real GDP growth is estimated to turn negative in FY06/07, declining by 3½ percent. The economy will continue to be subject to uncertainty and shocks. While economic growth should return to positive, albeit low, levels in the...
Persistent link: https://www.econbiz.de/10011244772
This 2013 Article IV Consultation highlights that The Zambian economy has performed well in recent years, with strong growth and modest inflation, and has high growth potential. The government has resolved to step up development by scaling up investment in infrastructure. The current fiscal...
Persistent link: https://www.econbiz.de/10011245052