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The Netherlands has been operating fully funded, defined benefit second pillar pension schemes that have consistently ranked high worldwide for delivering high replacement rates while featuring strong solidarity among members. Yet the long-term sustainability of the Dutch pension funds has been...
Persistent link: https://www.econbiz.de/10012001594
This paper reviews the financial implications of aging for the pension system in Belgium during 1995-2050. Our simulations indicate a strong rise in pension expenditure over the next half century, as is the case in other industrialized countries. In Belgium, the problem is particularly acute in...
Persistent link: https://www.econbiz.de/10014396528
Past reforms have put the Peruvian pension system on a largely fiscally sustainable path, but the system faces important challenges in providing adequate pension levels for a large share of the population. Using administrative microdata at the affiliate level, we project replacement rates in the...
Persistent link: https://www.econbiz.de/10012102092
Persistent link: https://www.econbiz.de/10012796753
This paper reviews developments in pension systems in 11 transition economies during the 1990s, highlighting the forces behind their rapid weakening. It focuses on the challenges these systems face—including those arising from demographic factors—and discusses why most transition countries...
Persistent link: https://www.econbiz.de/10014400759
This paper analyzes various reform options for Japan’s public pension in light of large fiscal consolidation needs of …
Persistent link: https://www.econbiz.de/10012671556
This paper compiles and reviews the evolution of Japan's Public Sector Balance Sheet (PSBS). In the past, large …
Persistent link: https://www.econbiz.de/10012153796
Yes, partly. This paper studies the potential role of structural reforms in improving Japan's outlook using the IMF …-fully-believed path of structural reforms can significantly offset the adverse effect of Japan's demographic headwinds - a declining and … significantly to stabilizing public debt because of the resulting increase in inflation towards the Bank of Japan's target, while …
Persistent link: https://www.econbiz.de/10011978382
We study, both empirically and quantitatively, the role of savings and the labor supply in self-insurance channels over the life cycle when one faces not only idiosyncratic income risks, but also changes in longevity risk and pension benefits. We pick China as a case study since China has...
Persistent link: https://www.econbiz.de/10012009609
The Netherlands' pension system is characterized by high participation rates, adequate retirement income, strong capitalization and sustainability. Pressure points are arising, however, due to population aging and untransparent intergenerational transfers inherent in the system. Moreover, the...
Persistent link: https://www.econbiz.de/10012009949