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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

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

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

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

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

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

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

World Saving

Grigoli, Francesco - 2014

This paper presents new evidence on the behavior of saving in the world, by extending previous empirical research in …

Persistent link: https://www.econbiz.de/10013040407

Household Deleveraging and Saving Rates : A Cross-Country Analysis

Bouis, Romain - 2022

Historically high household debt in several economies is calling for a deleveraging, but according to some economists, this adjustment can slow GDP growth by weighing on consumption. Using a sample of advanced and emerging market economies, this paper finds evidence of a negative relationship...

Persistent link: https://www.econbiz.de/10013306732

Fiscal Challenges of Population Aging in Brazil

Cuevas, Alfredo - 2017

retirement age is key, but by itself will not provide sufficient savings to close the pension system financing gap, and reforms …

Persistent link: https://www.econbiz.de/10012956468

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