Similar Search Results

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

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

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

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

On financing retirement, health, and long-term care in Japan

McGrattan, Ellen R.; Miyachi, Kazuaki; Peralta-Alva, Adrian - 2018

Japan faces the problem of how to finance retirement, health, and long-term care expenditures as the population ages. This paper analyzes the impact of policy options intended to address this problem by employing a dynamic general equilibrium overlapping generations model, specifically...

Persistent link: https://www.econbiz.de/10011978385

Reform options for mature defined benefit pension plans : the case of the Netherlands

Gérard, Marc - 2019

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

Informality and the challenge of pension adequacy : outlook and reform options for Peru

Freudenberg, Christoph; Toscani, Frederik - 2019

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

Global Aging and Declining World Interest Rates : Macroeconomic Insurance Through Pension Reform in Cyprus

Hoffmaister, Alexander W. - 2008

How will the world-wide decline in real interest rates associated with global aging affect small open economies (SOEs) with aging populations? Lower interest rates will result in higher capital-labor ratios and increased wages; higher wages, in turn, will be passed on to pension benefits,...

Persistent link: https://www.econbiz.de/10014400907

Fiscal Effects of the 1993 Colombian Pension Reform

Clavijo, Sergio - 1998

This study examines the fiscal impact of the pension reform adopted in Colombia in 1993, which established a fully funded, privately administered pension system alongside the existing pay-as-you-go state scheme. The reform increased the contribution rate and reduced the benefits of the state...

Persistent link: https://www.econbiz.de/10014403403

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

1
2
3
4
5
6
7
8
9
10
Next
Last