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This paper gives an overview of demographic trends and their impact on public finances in transition countries. It also describes the pension reforms that have been carried out and the impact of multi-pillar pension reforms on capital market developments. We show that the transition countries...
Persistent link: https://www.econbiz.de/10008621991
We relate household saving to pension reform, to explain the high household saving rates in urban China from a new … wealth on household saving, and obtain a significant offset effect of pension wealth on household saving. Our estimations … show that pension reform boosted the household saving rate in 1999 by about 6 percentage points for cohort aged 25-29 and …
Persistent link: https://www.econbiz.de/10012715221
household asset holdings – in particular the split between real and financial assets – is sensitive to demographics and to the …
Persistent link: https://www.econbiz.de/10005662297
A tanulmány az Auerbach Kotlikoff-féle dinamikus életciklusmodellt (röviden: AKmodellt) használja a társadalombiztosítás magánosításának makroökonómiai és hatékonysági hatásainak vizsgálatához. Egyszerű módszert javasol: a személyi biztosítási rendszert mint elemzési...
Persistent link: https://www.econbiz.de/10010963381
This report provides an extensive overview of the history of the Swedish pension system. Starting with the implementation of the world's first universal public pension system in 1913, the report discusses the political as well as the economic background to each major public pension reform up...
Persistent link: https://www.econbiz.de/10010818670
pension wealth created by Poland's 1999 pension reform. Using the 1997–2003 Polish Household Budget Surveys, we begin by … estimating "difference-in-differences" regressions, where we compare household saving and expenditure across time and between … household saving. We also find heterogeneity in responses. For the middle-aged cohorts, we find a large public pension crowd …
Persistent link: https://www.econbiz.de/10011196646
pension wealth created by Poland’s 1999 pension reform. Using the 1997–2003 Polish Household Budget Surveys, we begin by … estimating “difference-in-differences” regressions, where we compare household saving and expenditure across time and between … household saving. We also find heterogeneity in responses. For the middle-aged cohorts, we find a large public pension crowd …
Persistent link: https://www.econbiz.de/10011199864
We provide evidence on the policy risk of social security in Hungary, Czech Republic and Slovakia by computing the changes in the social security wealth induced by the pension reforms undertaken since the 1990s. Methodologically we follow upon McHale’s (2001) study of selected reforms in G7...
Persistent link: https://www.econbiz.de/10005673621
Persistent link: https://www.econbiz.de/10004567253
Persistent link: https://www.econbiz.de/10004333845