This report focuses on the principles presiding over the implementation of the LOLF, which, the authors note, is part of a movement towards ‘the substitution of managerial functioning for legal functioning’ based on two major principles: the improvement of public sector management and...

We assess the nature of the European sovereign crisis in the light of a model borrowed from the second generation of currency crises. We bring the theory to the data to empirically test the presence of self-fulfilling dynamics and to identify what may have driven the market sentiment during this...

Since 1997, governments of Burkina Faso and Mali have decided to introduce results-oriented programme budgeting alongside the traditional state budget. This reform was implemented with insufficient coordination with others reforms in progress: Public Expenditure Review (PER), Sector- Wide...

Ce document étudie le système de retraite français et son évolution dans un contexte de vieillissement de la population. Le premier rapport présente le contexte démographique et propose des éléments d'analyse sur le système de retraite actuel. Le second rapport étudie les relations...

In this paper, we investigate the relative importance of drivers to pension funds’ asset allocation choices. We specifically test if the contrast between regulatory approaches of public and private Defined Benefits (DB) pension funds in the US, Canada and the Netherlands have an impact on the...

Using the most comprehensive publicly available data to-date, we study the effect of three aspects of pension regulation (namely quantitative investment restrictions, minimum return or benefit guarantee, and the type of supervising authority) on risk-adjusted funded pension performance in 27...

Understanding the changes that occur in employment patterns as people grow older and the paths they take from employment to retirement may help to apprehend the factors that encourage or discourage employment retention. The aims of this paper are to analyse the process leading up to retirement...

Career Interruptions of Seniors and Impact on the Pension Benefits - Abstract - The diversity of working life has an impact on retirement age and the pension benefits. Employment breaks like unemployment or parental leave will reduce earnings and pension benefits in the future. This paper...