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generations and the sustainability of public finances. Rising old-age dependency ratios will put the financing of adequate … pensions, health and long-term care under high pressure. The paper provides recommendations on policy responses to address … pensions, incentivising private savings, enhancing the efficiency of health care provision, expanding the coverage of social …
Persistent link: https://www.econbiz.de/10012136129
threatens the fiscal sustainability of its pension system, a key vehicle for intergenerational redistribution. We analyze the …
Persistent link: https://www.econbiz.de/10011240403
threatens the fiscal sustainability of its pension system, a key vehicle for intergenerational redistribution. We analyze the …
Persistent link: https://www.econbiz.de/10011083803
, unemployment insurance and pensions, as well as investment in education, are seen as key ways to reduce household demand for …
Persistent link: https://www.econbiz.de/10008907795
The aftermath of the global financial crisis of 2007-2009 has called the export-led growth model of Asian economies into question. This paper describes the contribution that macroeconomic policy can make to promote a rebalancing of growth away from dependence on exports to developed economies to...
Persistent link: https://www.econbiz.de/10013130000
the potential benefits of mixed systems in which a PAYG system with notional accounts is complemented by a funded pensions … not clearly depend on the relative importance of PAYG over funded pensions systems, suggesting that other factors are even …
Persistent link: https://www.econbiz.de/10012207196
contribution rate by raising the retirement age and cutting pensions. These kind of specific reforms are not, however, optimal due …
Persistent link: https://www.econbiz.de/10012037633
Indonesia has a very good record of poverty reduction, having halved its incidence over the past two decades. Nevertheless, almost 30 million people still live below the national poverty line, mostly in rural areas and in certain provinces. In order to make further progress in lifting these...
Persistent link: https://www.econbiz.de/10011399569
The present paper aims to quantify the macroeconomic and welfare effects of taxfavored retirement accounts. Starting from an equilibrium without saving incentives, we introduce such accounts and compute the new transition path and the resulting long-run equilibrium. Since our...
Persistent link: https://www.econbiz.de/10009744912
Estonia is widely regarded as a paramount example for a successful transformation of a socialist economic system to a functioning market economy. Against the backdrop of this positive image which contrasts strongly with the crisis scenarios in Southern Europe the remaining problems of Estonia...
Persistent link: https://www.econbiz.de/10010384187