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Demographics, Pension Systems and the Saving-Investment Balance
Chai, Hua - 2019
This paper studies the effect of demographic change on national saving, global interest rates, and international capital flows, focusing on the role of the public pension system. We develop a small open economy overlapping generations model to illustrate the channels through which demographic...
Persistent link: https://www.econbiz.de/10012895118
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Reforming the Public Pension System in the Russian Federation
Eich, Frank - 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/10013098606
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Pension Reforms in Japan
Kashiwase, Kenichiro - 2013
This paper analyzes various reform options for Japan'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 long-run...
Persistent link: https://www.econbiz.de/10013088412
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Automatic Adjustment Mechanisms in Asian Pension Systems?
Arbatli, Elif C. - 2017
Automatic adjustment mechanisms (AAMs)-rules ensuring that certain characteristics of a pension system respond to demographic, macroeconomic and financial developments, in a predetermined fashion and without the need for additional intervention-have been introduced in many OECD countries to...
Persistent link: https://www.econbiz.de/10012962162
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Sustainability and Equity Challenges : Some Arithmetic on Lebanon's Pension System
Jarmuzek, Mariusz - 2016
Reform of Lebanon's pension system is indispensable. The country already faces fiscal sustainability risks, which will be compounded in the future by significantly higher pension-related spending and liabilities, mainly reflecting adverse demographics. In addition to sustainability issues, the...
Persistent link: https://www.econbiz.de/10012995262
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The Impact of Rapid Aging and Pension Reform on Savings and the Labor Supply
He, Hui - 2019
We study, both empirically and quantitatively, the role of savings and the labor supply inself-insurance channels over … social security benefits for the period 1995-2009. We find that both savings and the labor supply are quantitatively … adjustment to savings and labor supply have significant macroeconomic implications. Applying the model to China, we find that the …
Persistent link: https://www.econbiz.de/10012888767
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Demographics, Old-Age Transfers and the Current Account
Dao, Mai - 2019
Building on the evolving literature on the topic, this paper reviews the relationship between demographics and long-run capital flows in both theory and in the data. For this purpose, we develop a two region overlapping generations model where countries differ in their population growth and...
Persistent link: https://www.econbiz.de/10012895121
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The Impact of Longevity Improvements on U.S. Corporate Defined Benefit Pension Plans
Kisser, Michael - 2013
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/10013089786
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Assessing Chile's Pension System : Challenges and Reform Options
Evans, Christopher; Pienknagura, Samuel - 2022
, recent legislation allowing for pension savings withdrawals to counter the effects from the COVID-19 pandemic, is projected …
Persistent link: https://www.econbiz.de/10013305547
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Wealth Inequality and Private Savings : The Case of Germany
Dao, Mai - 2020
bywidening top income inequality, rising private savings and compressed consumption rates.Rising corporate profits in an … environment of high business wealth concentration account for90 percent of the rise in the private savings rate and a third of the …
Persistent link: https://www.econbiz.de/10012828236