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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

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

Demographics, old-age transfers and the current account

Dao, Mai; Jones, Callum - 2018

countries differ in their population growth and mortality risk. Besides exploring the implications of demographics for saving …

Persistent link: https://www.econbiz.de/10011978549

Aging, Savings, and Pensions in the Group of Seven Countries: 1980-2025

International Monetary Fund - 1989

In the next 30-40 years, past changes in fertility and mortality will lead to a significant increase in the share of … 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

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

A framework for assessing the costs of pension reform reversals

Baksa, Daniel; Munkacsi, Zsuzsa; Nerlich, Carolin - 2020

Several European countries are currently considering reversing parts of their pension reforms that were adopted previously to improve sustainability. In this paper we present a framework that allows us to quantify the macroeconomic and fiscal costs of such reversals. We thereby integrate the...

Persistent link: https://www.econbiz.de/10012299350

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

The Aging of the Population and the Size of the Welfare State

Swagel, Phillip - 2002

Data for the United States and countries in Western Europe indicate a negative correlation between the dependency ratio and both labor tax rates and the generosity of social transfers, after controlling for other factors that influence the size of the welfare state. This is despite the increased...

Persistent link: https://www.econbiz.de/10014399587

China’s demography and its implications

Lee, Il Houng; Qingjun, Xu; Syed, Murtaza - 2013

Persistent link: https://www.econbiz.de/10009726452

Impact of demographic changes on inflation and the macroeconomy

Yoon, Jong-won; Kim, Jinill; Lee, Jungjin - 2014

Persistent link: https://www.econbiz.de/10010479415

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