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framework behind this work, the life cycle theory according to which individuals' economic behavior varies according to their …
Persistent link: https://www.econbiz.de/10012550451
inclusive Gross Domestic Product (GDP) growth. Modest investment rates despite attractive returns and low savings rates despite … environment is estimated at 3.5 percent. In light of South Africa's low national savings, the reemergence of high current account … inclusive growth, with special emphasis on the issues of savings and investment …
Persistent link: https://www.econbiz.de/10012247553
Domestic savings in Turkey declined significantly in the 2000s. The domestic savings rate declined from an average of … most of the period. A strong fiscal adjustment underpinned the improvement in public savings in the post-2001 period. The … will be vital for sustainable growth. The fall in private savings after 2001 was mostly a result of the decline in …
Persistent link: https://www.econbiz.de/10012557189
"In this paper the authors reconsider the idea of an earnings-related pension system with reserves invested in indexed government bonds as a mechanism to both ensure financial sustainability and improve security. They start by reviewing the characterization of the sustainable rate of return of...
Persistent link: https://www.econbiz.de/10010522096
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The transition from a wholly public, pay-as-you go pension system to one where pensions are also provided by individual, privately managed pension accounts does not directly affect those receiving pensions at the time of the reform. Nevertheless, it could affect all current and future workers. A...
Persistent link: https://www.econbiz.de/10012556307
participation and the limited goal of reducing poverty among the old; a privately managed mandatory savings system; and voluntary … savings'. The note compares funded and pay-as-you-go finance of retirement incomes, highlighting the transition double burden …
Persistent link: https://www.econbiz.de/10012556337
The Millennium Ecosystem Assessment, the first global assessment of the state of the world's ecological health, published in March 2005, identified global fisheries as one of fi ve global systems in critical condition. This paper is one of many studies that show how on local, regional, and...
Persistent link: https://www.econbiz.de/10012560975