Showing 1 - 10 of 20,231
The present paper reviews key issues in pension design and pension reform encountered all across the world. The paper …
Persistent link: https://www.econbiz.de/10005826298
This paper focuses on the nexus between pension funds' balance sheet liabilities, reflecting their age profile and … regulatory framework and the highly fragmented and heterogeneous pension fund landscape in Switzerland. Detailed data from the … Swiss Pension Statistic are analyzed using multivariate OLS-regressions. The evidence shows that a younger age structure and …
Persistent link: https://www.econbiz.de/10005825621
This paper analyzes the economic rationale for adopting parametric pension reforms and reforms broadening the coverage … of public health care in Colombia during 1993-2008. Parametric pension reforms have focused on increasing the retirement …
Persistent link: https://www.econbiz.de/10005826488
This paper explores how privatizing a pension system can affect sovereign credit risk. For this purpose, it analyzes … the importance that rating agencies give to implicit pension debt (IPD) in their assessments of sovereign creditworthiness …. However, by channeling pension contributions away from the government and creating a deficit of resources to cover the current …
Persistent link: https://www.econbiz.de/10005604913
With a modest recovery in the global economy underway, and amid rising concerns about the sharp increase in government debt in several countries, debate has increasingly focused on the need to identify and implement fiscal exit strategies. This paper reviews the medium-term plans of 25 countries...
Persistent link: https://www.econbiz.de/10008777011
The paper explores the macroeconomic effects of three public pension reforms, namely an increase in retirement age, a … Monetary and Fiscal model (GIMF), we find that public pension reforms can have a positive effect on growth in both the short …
Persistent link: https://www.econbiz.de/10008839358
utilised solely within the State Pension, rather than allocated in favour of any particular employment sector. The vision is … contribution (DC)-based.An essential pre-requisite to reforming public sector pensions is to raise the basic State Pension above …
Persistent link: https://www.econbiz.de/10013071439
This paper investigates whether exchanging the Social Security delayed retirement credit, currently paid as an increase in lifetime annuity benefits, for a lump sum would induce later claiming and additional work. We show that people would voluntarily claim about half a year later if the lump...
Persistent link: https://www.econbiz.de/10010482081
People who delay claiming Social Security receive higher lifelong benefits upon retirement. We survey individuals on their willingness to delay claiming later, if they could receive a lump sum in lieu of a higher annuity payment. Using a moment-matching approach, we calibrate a lifecycle model...
Persistent link: https://www.econbiz.de/10011584824
People who delay claiming Social Security receive higher lifelong benefits upon retirement. We survey individuals on their willingness to delay claiming later, if they could receive a lump sum in lieu of a higher annuity payment. Using a moment-matching approach, we calibrate a lifecycle model...
Persistent link: https://www.econbiz.de/10012062081