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Can the Private Annuity Market Provide Secure Retirement Income?
Schrager, Allison - 2004
Annuity premiums are often assumed to be constant, although they can be expected to vary with the yield curve. Variations in premiums will become an important public policy issue as defined-contribution (DC) pension plans play an increasingly prominent role in providing retirement income. As DC...
Persistent link: https://www.econbiz.de/10014404146
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The impact of rapid aging and pension reform on savings and the labor supply : the case of China
He, Hui; Ning, Lei; Zhu, Dongming - 2019
We study, both empirically and quantitatively, the role of savings and the labor supply in self-insurance channels over … social security benefits for the period 1995-2009. We find that both savings and the labor supply are quantitatively … adjustment to savings and labor supply have significant macroeconomic implications. Applying the model to China, we find that the …
Persistent link: https://www.econbiz.de/10012009609
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Demographics, old-age transfers and the current account
Dao, Mai; Jones, Callum - 2018
Building on the evolving literature on the topic, this paper reviews the relationship between demographics and long-run capital flows in both theory and in the data. For this purpose, we develop a two region overlapping generations model where countries differ in their population growth and...
Persistent link: https://www.econbiz.de/10011978549
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Demographics, pension systems and the saving-investment balance
Chai, Hua; Kim, Jun-il - 2018
This paper studies the effect of demographic change on national saving, global interest rates, and international capital flows, focusing on the role of the public pension system. We develop a small open economy overlapping generations model to illustrate the channels through which demographic...
Persistent link: https://www.econbiz.de/10011978553
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Aging, Savings, and Pensions in the Group of Seven Countries: 1980-2025
International Monetary Fund - 1989
the elderly. This study suggests that these demographic trends may lead to a decline in the G-7 private savings rate after …
Persistent link: https://www.econbiz.de/10014396157
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Financial Market Implications of India's Pension Reform
Poirson, Hélène - 2007
India''s planned pension reform will set up a proper regulatory framework for the pension industry and open up the sector to private fund managers. Drawing on international experiences, the paper highlights pre-conditions for the reform to kick-start financial development, including: (i) the...
Persistent link: https://www.econbiz.de/10014400444
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Efficiency and Performance of Bulgarian Private Pensions
Impavido, Gregorio - 2008
Persistent link: https://www.econbiz.de/10014400727
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A destination-based allowance for corporate equity
Hebous, Shafik; Klemm, Alexander - 2018
Following renewed academic and policy interest in the destination-based principle for taxing profits-particularly through a destination-based cash flow tax (DBCFT)-this paper studies other forms of efficient destination-based taxes. Specifically, it analyzes the Destination-Based Allowance for...
Persistent link: https://www.econbiz.de/10011932507
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Allowances for Corporate Equity in Practice
Klemm, Alexander - 2006
the recent past, ACE systems have been used in Austria, Croatia, and Italy. Brazil still applies a variant of such a …
Persistent link: https://www.econbiz.de/10014400269
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Economic Growth in Croatia : Potential and Constraints
Moore, David - 2007
This paper examines the factors and constraints that affect recent and potential growth in Croatia, as well as policies … that can influence it. On current productivity trends, it estimates Croatia''s potential growth rate at 4-41⁄2 percent, a …
Persistent link: https://www.econbiz.de/10014400894