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Pension reform is high on the policy agenda of many advanced and emerging market economies. In advanced economies the challenge is generally to contain future increases in public pension spending as the population ages. In emerging market economies, the challenges are often different. Where...
Persistent link: https://www.econbiz.de/10010790493
particularly strong, because a large portion of the current baby-boomers are in their peak earning years, and their retirement will …
Persistent link: https://www.econbiz.de/10011244195
solid growth with low inflation, and vulnerabilities to potential shocks appear low. With Korea aging at an almost … unprecedented rate, spending on pensions, health, and long-term care could rise by as much as 11 percent of GDP over the long term …
Persistent link: https://www.econbiz.de/10011245268
experience a significant aging of their populations during the next several decades. This paper explores how these aging Asian … countries are addressing and anticipating the challenges of an aging society. It suggests that Asia's preparedness for an aging … establish an adequate and farsighted policy framework in the areas of pensions, health insurance, and labor market policies. …
Persistent link: https://www.econbiz.de/10005248253
Putting the pension system on a sustainable footing arguably remains the biggest challenge in Russia's economic policies. The debate about the policy options was hitherto constrained by the absence of general equilibrium analysis. This paper fills this gap by simulating their macroeconomic...
Persistent link: https://www.econbiz.de/10005263824
The increased budget deficit caused by the privatization of a public pension plan does not imply a relaxation of the stance of fiscal policy. The reform's impact on the fiscal stance and national saving depends primarily on its effect on the sum of explicit and implicit public debt and on the...
Persistent link: https://www.econbiz.de/10005263836
GDP by 2012. Instead, raising the retirement age and prefunding future aging costs would be needed to keep debt below 60 … due to population aging, pension reform proposals are also being considered. In this paper we assess the macroeconomic …
Persistent link: https://www.econbiz.de/10005263864
During the transition process, many existing social sector institutions and policies were significantly eroded and their underlying character changed. As a result, they often do not redistribute to the poorest, nor generally serve the role of facilitating economic change. Social sector reforms...
Persistent link: https://www.econbiz.de/10005264010
This paper simulates the macroeconomic effects of population aging in a dynamic overlapping generations model of a … small open economy. The model is calibrated to data for the Czech Republic, where population aging is proceeding at a pace … comparable to that in other advanced countries in Europe. Simulations show that population aging is likely to slow economic …
Persistent link: https://www.econbiz.de/10005264152
the great influence of Congress on pension design through both regulation and favorable tax treatment of retirement … accounts. Employer contributions to employee pensions have remained stagnant and, in some cases, even declined. We conclude …
Persistent link: https://www.econbiz.de/10009643521