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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
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
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
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...
Persistent link: https://www.econbiz.de/10011142039
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
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
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
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
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
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