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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

Aging, Asset Allocation, and Costs; Evidence for the Pension Fund Industry in Switzerland

Weber, René; Gerber, David S. - International Monetary Fund (IMF) - 2007

This paper focuses on the nexus between pension funds' balance sheet liabilities, reflecting their age profile and payments obligations, and the investment behavior and costs of these funds. The context of the analysis is the stringent regulatory framework and the highly fragmented and...

Persistent link: https://www.econbiz.de/10005825621

The Aging of the Population and the Size of the Welfare State

Swagel, Phillip; Sadka, Efraim; Razin, Assaf - International Monetary Fund (IMF) - 2002

Data for the United States and countries in Western Europe indicate a negative correlation between the dependency ratio and both labor tax rates and the generosity of social transfers, after controlling for other factors that influence the size of the welfare state. This is despite the increased...

Persistent link: https://www.econbiz.de/10005825663

The Effects of Early Retirementon Youth Unemployment; The Case of Belgium

Pestieau, Pierre; Lefèbvre, Mathieu; Jousten, Alain; … - International Monetary Fund (IMF) - 2008

In this paper, we describe the changes of (early) retirement programs over time and study the link between trends in … any, between elderly retirement and activity among the young and the prime-age populations. …

Persistent link: https://www.econbiz.de/10005825708

Addressing Korea's Long-Term Fiscal Challenges

Syed, Murtaza H.; Skaarup, Michael; Feyzioglu, Tarhan - International Monetary Fund (IMF) - 2008

Korea is on the verge of an unprecedented demographic shift. In coming decades, rapid aging will transform it from one of the youngest populations in the OECD to among the oldest in record time. In turn, this shift will put tremendous pressure on the pension system and health and long-term care...

Persistent link: https://www.econbiz.de/10005825781

Sovereign Wealth Funds; Current Institutional and Operational Practices

Kunzel, Peter; Hammer, Cornelia; Petrova, Iva - International Monetary Fund (IMF) - 2008

While SWFs as a group share broad common institutional and operational practices, these practices also differ considerably reflecting the diversity of these institutions. These differences derive from the nature of the SWF (i.e., their original intent) as well as its legal personality. Thus,...

Persistent link: https://www.econbiz.de/10005825978

Insurance Companies in Emerging Markets

Kong, Janet; Singh, Manmohan - International Monetary Fund (IMF) - 2005

This paper focuses on asset allocation decisions of life insurance companies in emerging markets. Mature market insurers allocate only a small fraction of their assets to emerging markets because of regulatory constraints, rating pressures, and currency risk. However, global insurers invest...

Persistent link: https://www.econbiz.de/10005825993

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

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

The Role of Medium-Term Fiscal Frameworks for Transition Countries; The Case of Bulgaria

Horváth, Balázs; Székely, István P. - International Monetary Fund (IMF) - 2001

This paper discusses the foundations for a medium-term fiscal framework for Bulgaria, a transition economy aspiring to join the European Union. The paper argues that a well-designed framework can help to enhance the credibility of macroeconomic policies and facilitate preparations for EU...

Persistent link: https://www.econbiz.de/10005826341