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Chinaâ€™s Demography and its Implications

Lee, Il Houng; Qingjun, Xu; Syed, Murtaza H. - International Monetary Fund (IMF) - 2013

reassess national savings behavior, with greater prominence and more careful consideration given to the role played by changing … literature. Going further, we simulate global savings behavior based on our framework and find that China’s demographics should … decades, individual countries’ convergence toward the simulated savings pattern will be influenced by their past divergences …

Persistent link: https://www.econbiz.de/10011142029

Would Saving U.S. Social Security Raise National Saving?

Walliser, Jan - International Monetary Fund (IMF) - 1999

Analysts agree that raising national saving is one of the key objectives of social security reform in the United States. Hence, to judge the merits of proposals requires a comparison of saving responses. The paper outlines the difficulties involved in making those comparisons, which arise from...

Persistent link: https://www.econbiz.de/10005771367

The Global Impact of Demographic Change

Callen, Tim; McKibbin, Warwick J.; Batini, Nicoletta - International Monetary Fund (IMF) - 2006

The world is in the midst of a major demographic transition. This paper examines the implications of such transition over the next 80 years for Japan, the United States, other industrial countries, and the developing regions of the world using a dynamic intertemporal general equilibrium...

Persistent link: https://www.econbiz.de/10005826038

Who Saves in Ireland? T+L3251he Micro Evidence

Badia, Marialuz Moreno - International Monetary Fund (IMF) - 2006

households at the peak of their working lives have relatively low savings though there is no evidence of a generational savings … savings and housing capital gains. …

Persistent link: https://www.econbiz.de/10005263766

Pension Reforms in Japan

Kashiwase, Kenichiro; Nozaki, Masahiro; Tokuoka, Kiichi - International Monetary Fund (IMF) - 2012

This paper analyzes various reform options for Japanâ€™s public pension in light of large fiscal consolidation needs of the country. The most attractive option is to increase the pension eligibility age in line with high and rising life expectancy. This would have a positive effect on...

Persistent link: https://www.econbiz.de/10011142039

U.S. Consumption after the 2008 Crisis

Lee, Jaewoo; Rabanal, Pau; Sandri, Damiano - International Monetary Fund (IMF) - 2010

U.S. household consumption declined sharply in late 2008, marking a departure from the trend of a steady increase in U.S. consumption as a share of income since the 1980s. Combining econometric and simulation analysis, we estimate that this departure will be sustained beyond the crisis: the U.S....

Persistent link: https://www.econbiz.de/10011142214

A Tradeoff between the Output and Current Account Effects of Pension Reform

Catalan, Mario; Magud, Nicolas E. - International Monetary Fund (IMF) - 2012

We compare the long-term output and current account effects of pension reforms that increase the retirement age with … a policy trade-off. Pension reforms that increase the retirement age have a large positive effect on output, but a small …

Persistent link: https://www.econbiz.de/10010790246

Reforming the Public Pension System in the Russian Federation

Eich, Frank; Soto, Mauricio; Gust, Charleen - International Monetary Fund (IMF) - 2012

Pension reform is a key policy challenge in Russia. This paper examines how pension spending could increase in Russia in the absence of reforms, quantifies the impact of some recent proposals, and suggests some alternatives that would ensure public pension benefits - relative to wages - not fall...

Persistent link: https://www.econbiz.de/10010790258

Quantifying Impact of Aging Population on Fiscal Space

Park, Seok Gil - International Monetary Fund (IMF) - 2012

This paper quantitatively investigates how population aging trend affects fiscal space measured as unused revenue generating capacity by utilizing a standard neoclassical growth model. A calibration exercise for G-7 countries shows that France, Germany and Italy suffer greater revenue impact...

Persistent link: https://www.econbiz.de/10010790302

The Impact of Longevity Improvements on U.S. Corporate Defined Benefit Pension Plans

Kiff, John; Kisser, Michael; Soto, Mauricio; Oppers, … - International Monetary Fund (IMF) - 2012

This paper provides the first empirical assessment of the impact of life expectancy assumptions on the liabilities of private U.S. defined benefit (DB) pension plans. Using detailed actuarial and financial information provided by the U.S. Department of Labor, we construct a longevity variable...

Persistent link: https://www.econbiz.de/10010790337