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Public Pension Reform: A Primer
Jousten, Alain - International Monetary Fund (IMF) - 2007
heavily refers to the recent U.S. Social Security reform debate in general and to the Personal Retirement Accounts proposal in … retirement. …
Persistent link: https://www.econbiz.de/10005826298
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Social Sector Reform in Transition Countries
Keller, Christian; Heller, Peter S. - International Monetary Fund (IMF) - 2001
During the transition process, many existing social sector institutions and policies were significantly eroded and their underlying character changed. As a result, they often do not redistribute to the poorest, nor generally serve the role of facilitating economic change. Social sector reforms...
Persistent link: https://www.econbiz.de/10005264010
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Governance and Fund Management in the Chinese Pension System
Hu, Yu-Wei; Impavido, Gregorio; Li, Xiaohong - International Monetary Fund (IMF) - 2009
The Chinese pension system is highly fragmented and decentralized, with governance standards, pension fund management practices, their regulation and supervision varying considerably both across the funded components of the Chinese pension system and across provinces. This paper describes the...
Persistent link: https://www.econbiz.de/10008540915
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Tradeoff between the Output and Current Account Effects of Pension Reform.
Catalan, Mario - 2012
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 …: Increasing the Retirement Age -- C. Reform II: Cutting Pension Benefits -- D. The Long-Run Tradeoff between Output and the …
Persistent link: https://www.econbiz.de/10012690159
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Social Security Reforms in Colombia
Clavijo, Sergio - 2009
of public health care in Colombia during 1993-2008. Parametric pension reforms have focused on increasing the retirement …
Persistent link: https://www.econbiz.de/10012677742
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Macroeconomic Effects of Public Pension Reforms
Pereira, Joana; Karam, Philippe D; Muir, Dirk; … - International Monetary Fund (IMF) - 2010
The paper explores the macroeconomic effects of three public pension reforms, namely an increase in retirement age, a … stronger capital accumulation due to higher world savings. An increase in the retirement age reform yields the strongest impact …
Persistent link: https://www.econbiz.de/10008839358
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Pension Reform in China; The Need for a New Approach
Dunaway, Steven Vincent; Arora, Vivek B. - International Monetary Fund (IMF) - 2007
The rapid aging of China's population over the next few decades makes it important for a new pension system with broad and adequate coverage to be put in place quickly. Pension reforms, first initiated in 1997, have become bogged down in difficulties over dealing with the "legacy costs"...
Persistent link: https://www.econbiz.de/10005769032
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Hong Kong Special Administrative Region; Macroeconomic Impact of An Aging Population in a Highly Open Economy
Leigh, Lamin - International Monetary Fund (IMF) - 2006
Hong Kong SAR's population is aging rapidly. This paper concludes that, without a change in policies, aging could adversely affect growth and living standards. While higher labor productivity growth and increased migration of younger skilled workers from the Chinese mainland, would attenuate the...
Persistent link: https://www.econbiz.de/10005604947
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Pricing of sovereign credit risk : evidence from advanced economies during the financial crisis
Alper, C. Emre; Forni, Lorenzo; Gerard, Marc - 2012
We investigate the pricing of sovereign credit risk over the period 2008-2010 for selected advanced economies by examining two widely-used indicators: sovereign credit default swap (CDS) and relative asset swap (RAS) spreads. Cointegration analysis suggests the existence of an imperfect market...
Persistent link: https://www.econbiz.de/10009423923
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An Anatomy of Credit Booms : Evidence From Macro Aggregates and Micro Data
Terrones, Marco - 2008
We study the characteristics of credit booms in emerging and industrial economies. Macro data show a systematic relationship between credit booms and economic expansions, rising asset prices, real appreciations and widening external deficits. Micro data show a strong association between credit...
Persistent link: https://www.econbiz.de/10014409056