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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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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 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
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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
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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
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Population Aging and Long-Term Fiscal Sustainability in Austria
Eskesen, Leif Lybecker - International Monetary Fund (IMF) - 2002
Austria faces significant population aging. This will increase public spending on pensions, health care, and long-term care, while tax and social security revenues will fall. This paper analyzes the fiscal burden facing Austria due to aging and the policy steps necessary to address it. The paper...
Persistent link: https://www.econbiz.de/10005263966
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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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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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Coping with Spain's Aging; Retirement Rules and Incentives
Hoffmaister, Alexander W.; Catalán, Mario; Guajardo, Jaime - International Monetary Fund (IMF) - 2007
those increasing the retirement age under alternative tax policies. The analysis is based on a model in the Auerbach … pressures at the peak of the demographic shock as much as increasing the retirement age in line with life expectancy (4 …
Persistent link: https://www.econbiz.de/10005769092