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Contingent liabilities have gained prominence in the analysis of public finance. Indeed, history is full of episodes in which the financial position of the public sector is substantially altered-or its true nature uncovered-as a result of government bailouts of financial or nonfinancial...
Persistent link: https://www.econbiz.de/10005599325
which could magnify the challenge of pension reform. First, for some ECCU countries, continued emigration at historical … rates would considerably advance the projected date at which pension scheme assets are depleted. Second, there is a …
Persistent link: https://www.econbiz.de/10005768869
The world is in the midst of a major demographic transition. This paper examines the implications of such transition over the next 80 years for Japan, the United States, other industrial countries, and the developing regions of the world using a dynamic intertemporal general equilibrium...
Persistent link: https://www.econbiz.de/10005826038
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Traditional fiscal indicators focused on measures of current deficits and debt miss the potentially important implications of current policies for future public finances. This could be problematic, including in the case of Europe, where population aging is expected to pose additional fiscal...
Persistent link: https://www.econbiz.de/10008646429
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The aim of this article is to evaluate the effectiveness of voluntary pension savings plans in Poland, based on the … principles of operation and rates of return of voluntary pension funds (pol. Dobrowolne Fundusze Emerytalne, DFE). The selection … of those funds from a whole range of solutions available in the 3rd pension pillar is due to the fact that only this type …
Persistent link: https://www.econbiz.de/10012104456
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