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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

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

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

Pension Reform and Macroeconomic Stability in Latin America

Roldos, Jorge - International Monetary Fund (IMF) - 2007

This paper reviews macroeconomic aspects of pension reforms in Latin America, focusing on financial market stability and fiscal sustainability. Concentration of pension fund portfolios in government bonds remains high, and the lack of new investment alternatives has distorted asset prices....

Persistent link: https://www.econbiz.de/10005248326

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

Macroeconomic Effects of Pension Reform in Russia

Hauner, David - International Monetary Fund (IMF) - 2008

Putting the pension system on a sustainable footing arguably remains the biggest challenge in Russia's economic policies. The debate about the policy options was hitherto constrained by the absence of general equilibrium analysis. This paper fills this gap by simulating their macroeconomic...

Persistent link: https://www.econbiz.de/10005263824

Pension Reform and the Fiscal Policy Stance

Gerson, Philip R.; Mackenzie, G. A.; Heller, Peter S.; … - International Monetary Fund (IMF) - 2001

The increased budget deficit caused by the privatization of a public pension plan does not imply a relaxation of the stance of fiscal policy. The reform's impact on the fiscal stance and national saving depends primarily on its effect on the sum of explicit and implicit public debt and on the...

Persistent link: https://www.econbiz.de/10005263836

Tax and Pension Reform in the Czech Republic-Implications for Growth and Debt Sustainability

Botman, Dennis P. J.; Tuladhar, Anita - International Monetary Fund (IMF) - 2008

GDP by 2012. Instead, raising the retirement age and prefunding future aging costs would be needed to keep debt below 60 …

Persistent link: https://www.econbiz.de/10005263864

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 Impact of Tax and Welfare Policieson Employment and Unemployment in OECD Countries

Disney, Richard - International Monetary Fund (IMF) - 2000

The paper provides a selective survey of methods and findings concerning the impact of tax and welfare policies on employment, unemployment, and economic growth in OECD countries. The paper examines a number of facets of tax and welfare policy and concludes that cross-country macroeconomic...

Persistent link: https://www.econbiz.de/10005263942