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Chile’s pension system came under close scrutiny in recent years. This paper takes stock of the adequacy of the system …, recent legislation allowing for pension savings withdrawals to counter the effects from the COVID-19 pandemic, is projected …, via a reform that raises contribution rates and the retirement age, coupled with policies that increases workers …
Persistent link: https://www.econbiz.de/10013305547
second earners (respectively the generosity of the pension system) contribute to lower labor market participation of women …
Persistent link: https://www.econbiz.de/10012858381
The Greek pension system has been costly, complex, and distortive, which has contributed to Greece’s fiscal problems … throughout the long-term, these reforms can go a long way towards enhancing the pension system affordability. However, reforms …
Persistent link: https://www.econbiz.de/10013306775
reduction in France from 39 to 35 hours, which was first applied to large firms in 2000. Using the timing difference by firm …
Persistent link: https://www.econbiz.de/10012773724
This paper focuses on the investment behavior of pension funds in developed and emerging market countries. First, it … analyzes the main determinants of the emerging market asset allocation of pension funds in developed countries. Second, it … assesses how pension funds in emerging markets have contributed to the development of local securities markets. Third, it …
Persistent link: https://www.econbiz.de/10013212329
investment, which has probably exacerbated the cyclicality of the economy. The expected reform of the pension system is likely to …
Persistent link: https://www.econbiz.de/10013306734
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 … those of reforms that cut pension benefits, conditional on reforms achieving similar fiscal targets. We show the presence of …
Persistent link: https://www.econbiz.de/10013088731
Labor market indicators are critical for policymakers, but measurement error in labor force survey data is known to be substantial. In this paper, I quantify the implications of classification errors in the U.S. Current Population Survey (CPS), in which respondents misreport their true labor...
Persistent link: https://www.econbiz.de/10012889152
early retirement, and interactions between pension and unemployment benefit systems … reforms of the Polish pension and unemployment benefit systems. The framework of analysis is a life cycle simulation model of … household consumption, labor supply and retirement decisions. The paper builds on past work by Perraudin and Pujol (1992). The …
Persistent link: https://www.econbiz.de/10012774287
Several European countries are currently considering reversing parts of their pension reforms that were adopted … replicates the Ageing Report's pension expenditure projections very well. We calculate the macroeconomic impact of first the … additional pension reforms needed to contain the public debt pressures arising from population ageing and second the costs of …
Persistent link: https://www.econbiz.de/10012825209