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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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Pension Reforms in Japan.
Kashiwase, Kenichiro - 2012
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/10012690157
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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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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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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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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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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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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
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Who Saves in Ireland? T+L3251he Micro Evidence
Badia, Marialuz Moreno - International Monetary Fund (IMF) - 2006
This paper provides detailed empirical evidence on the saving behavior of Irish households using micro data from the 1994/95 and 1999/2000 Household Budget Surveys. I employ synthetic cohort techniques to characterize the life cycle profile of saving rates and to examine the response of...
Persistent link: https://www.econbiz.de/10005263766
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Reforming the public pension system in the Russian Federation
Eich, Frank; Gust, Charleen; Soto, Mauricio - 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/10009621667