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Social Security, Demographic Trends, and the Federal Budget
International Monetary Fund - 1990
This paper considers the implications of the prospective aging of the U.S. population for the social security system and concludes that the large and growing cashflow surpluses of the social security trust funds should be saved to help insulate living stands against this change. A number of...
Persistent link: https://www.econbiz.de/10014396207
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Thailand Financial Sector Assessment Program : Funded Pension System
World Bank Group - 2019
productivity growth. While these reforms are needed, private pensions can also play a role inimproving retirement income for … savings for retirement. This note also addresses the challenges of the private, funded system and proposes policy … recommendations for increasing coverage, improving efficiency, and delivering sustainable retirement income in the payout phase. This …
Persistent link: https://www.econbiz.de/10012646631
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Aging, Savings, and Pensions in the Group of Seven Countries: 1980-2025
International Monetary Fund - 1989
In the next 30-40 years, past changes in fertility and mortality will lead to a significant increase in the share of the elderly. This study suggests that these demographic trends may lead to a decline in the G-7 private savings rate after 2000, compounding the impact of social expenditure...
Persistent link: https://www.econbiz.de/10014396157
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Soft Budget Constraints, Firm Commitments and the Social Safety Net
International Monetary Fund - 1991
It is shown that the inefficiencies created by the “soft” budget constraint, enjoyed by enterprises in Eastern Europe and elsewhere, will continue so long as governments are unable credibly to threaten not to bail out loss-makers. Commitment to a “hard” budget constraint can best be...
Persistent link: https://www.econbiz.de/10014396100
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United Kingdom; Selected Issues
International Monetary Fund (IMF); International … - 2004
This Selected Issues paper of the United Kingdom analyzes the official projections of public pension spending and risks, as well as the strategy to increase private pension provision. It provides a comparison of stylized facts regarding business cycle developments in the three economies, and an...
Persistent link: https://www.econbiz.de/10005825234
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Republic of Korea; Selected Issues
International Monetary Fund (IMF); International … - 2003
This Selected Issues paper highlights that the authorities in the Republic of Korea recognize the pension policy challenges ahead, and a first wave of reforms has already been launched. Despite the reforms to date, much remains to be done. Without further reforms, the public pension systems in...
Persistent link: https://www.econbiz.de/10005768475
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Switzerland; Selected Issues
International Monetary Fund (IMF); International … - 2005
This Selected Issues paper attempts to quantify the impact of the demographic shift on growth and public finances in Switzerland. It examines the intertemporal consistency between current policy plans and unfunded liabilities, focusing primarily on social security, and explores policy options....
Persistent link: https://www.econbiz.de/10005598861
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Luxembourg; Selected Issues
International Monetary Fund (IMF); International … - 2006
This Selected Issues paper on Luxembourg reports that exemplary high growth rates and prudent fiscal policies provided the financial basis for the welfare system. Social expenditures in per capita terms, even adjusted for the large number of cross-border workers, rank highest among European...
Persistent link: https://www.econbiz.de/10011244141
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Asset Prices and Time-Varying Risk
International Monetary Fund - 1988
time-varying risk. Some work by Abel provided us with the insights needed to produce such formulas. This paper gives a …
Persistent link: https://www.econbiz.de/10014396175
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Model Uncertainty. Learning, and the Gains from Coordination
International Monetary Fund - 1988
The paper considers gains from international economic policy coordination when there is uncertainty concerning the functioning of the world economy, but also learning about the “true” model on the part of policymakers. The paper reports estimates of plausible alternative versions of a...
Persistent link: https://www.econbiz.de/10014395854