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Is Asia Prepared for An Aging Population?

Heller, Peter S. - International Monetary Fund (IMF) - 2006

Many Asian countries (such as China, Singapore, Korea, Thailand, Malaysia, Indonesia, India, and the Philippines) will experience a significant aging of their populations during the next several decades. This paper explores how these aging Asian countries are addressing and anticipating the...

Persistent link: https://www.econbiz.de/10005248253

Efficiency and Performance of Bulgarian Private Pensions

Impavido, Gregorio - International Monetary Fund (IMF) - 2008

This paper analyzes the performance of the Bulgarian private defined contribution pensions in the second and third pillars of the pension system.

Persistent link: https://www.econbiz.de/10005263896

The Global Impact of Demographic Change

Callen, Tim; McKibbin, Warwick J.; Batini, Nicoletta - International Monetary Fund (IMF) - 2006

The world is in the midst of a major demographic transition. This paper examines the implications of such transition over the next 80 years for Japan, the United States, other industrial countries, and the developing regions of the world using a dynamic intertemporal general equilibrium...

Persistent link: https://www.econbiz.de/10005826038

What Will Happen to Financial Markets When the Baby Boomers Retire?

Brooks, Robin - International Monetary Fund (IMF) - 2000

This paper explores whether changes in the age distribution have significant effects on financial markets that are rational and forward-looking. It presents an overlapping generations model in which agents make a portfolio decision over stocks and bonds when saving for retirement- Using the...

Persistent link: https://www.econbiz.de/10005826510

Pension Reform, Private Saving, and the Current Account in a Small Open Economy

Schimmelpfennig, Axel - International Monetary Fund (IMF) - 2000

The macroeconomic implications of a pension reform that substitutes a high-return fully-funded system for a low-return pay-as-you-go system are discussed in an overlapping generations, neoclassical growth model. With forward-looking individuals, a debt-financed reform worsens the current...

Persistent link: https://www.econbiz.de/10005599411

Intergenerational Implications of Fiscal Consolidation in Japan

Tokuoka, Kiichi - International Monetary Fund (IMF) - 2012

In Japan, intergenerational inequality in lifetime resources is substantial, with a heavier fiscal burden on the young than the old. Moreover, given the need for fiscal consolidation, the inequality is even worse than existing policy would suggest. However, this does not mean that fiscal...

Persistent link: https://www.econbiz.de/10010790385

Trust As a Means of Improving Corporate Governance and Efficiency

Chami, Ralph; Fullenkamp, Connel - International Monetary Fund (IMF) - 2002

Agency problems within the firm are a significant hindrance to efficiency. We propose trust between coworkers as a superior alternative to the standard tools used to mitigate agency problems: increased monitoring and incentive-based pay. We show how trust induces employees to work harder,...

Persistent link: https://www.econbiz.de/10005826212

Conditional Lending Under Altruism

Mourmouras, Alex; Rangazas, Peter - International Monetary Fund (IMF) - 2004

We analyze how the altruism of an international financial institution (IFI) towards its lowincome member countries …. Thus, IFI altruism and the inability to commit are sufficient reasons to equip loans with conditions. Conditional loans … produce an efficient allocation of resources, so altruism is not a fundamental reason that loans fail to increase welfare. …

Persistent link: https://www.econbiz.de/10005604948

Altruism and Workers' Remittances : Evidence from Selected Countries in the Middle East and Central Asia

Bouhga-Hagbe, Jacques - 2006

Intro -- Contents -- I. INTRODUCTION -- II. DETERMINANTS OF WORKERS' REMITTANCES AND THEIR IMPLICATIONS -- III. EMPIRICAL INVESTIGATION -- IV. CONCLUSION -- REFERENCES -- APPENDIX -- A. Egypt -- B. Jordan -- C. Morocco -- D. Pakistan -- E. Tunisia.

Persistent link: https://www.econbiz.de/10012691145

Identifying Constraints to Financial Inclusion and Their Impact on GDP and Inequality: A Structural Framework for Policy

Dabla-Norris, Era; Ji, Yan; Townsend, Robert; Unsal, D. … - International Monetary Fund (IMF) - 2015

We develop a micro-founded general equilibrium model with heterogeneous agents to identify pertinent constraints to financial inclusion. We evaluate quantitatively the policy impacts of relaxing each of these constraints separately, and in combination, on GDP and inequality. We focus on three...

Persistent link: https://www.econbiz.de/10011163128

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