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KiwiSaver is a voluntary savings scheme aimed at increasing the retirement wealth of a target population. A critical … between KiwiSaver membership and any shortfall or excess in respondents' expected retirement income relative to either the … element shaping the success of KiwiSaver is the extent to which individuals participate in the scheme, given its voluntary …
Persistent link: https://www.econbiz.de/10010551918
This Selected Issues paper examines the long-term issues with pension expenditures in the Netherlands. The paper highlights that the public pension for a single person is equal to 70 percent of the (statutory) minimum wage. The minimum wage and public pensions thus move in lock-step; they are...
Persistent link: https://www.econbiz.de/10005252658
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 Selected Issues paper highlights that the authorities in the Republic of Korea recognize the pension policy challenges ahead, and a first wave of reforms has already been launched. Despite the reforms to date, much remains to be done. Without further reforms, the public pension systems in...
Persistent link: https://www.econbiz.de/10005768475
The rapid aging of China's population over the next few decades makes it important for a new pension system with broad and adequate coverage to be put in place quickly. Pension reforms, first initiated in 1997, have become bogged down in difficulties over dealing with the "legacy costs"...
Persistent link: https://www.econbiz.de/10005769032
The Chinese pension system is highly fragmented and decentralized, with governance standards, pension fund management practices, their regulation and supervision varying considerably both across the funded components of the Chinese pension system and across provinces. This paper describes the...
Persistent link: https://www.econbiz.de/10008540915
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
The paper explores the macroeconomic effects of three public pension reforms, namely an increase in retirement age, a … stronger capital accumulation due to higher world savings. An increase in the retirement age reform yields the strongest impact …
Persistent link: https://www.econbiz.de/10008839358
Persistent link: https://www.econbiz.de/10010797741
The objective of this paper is to analyse the extent to which membership of KiwiSaver has been associated with greater … Zealand’s Survey of Family, Income and Employment and Inland Revenue Department administrative data on KiwiSaver membership … various panel regression techniques. Results appear consistent with earlier evaluations of KiwiSaver. Neither approach …
Persistent link: https://www.econbiz.de/10010992357