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The policy brief presents a review of potential effects of parametric pension reform in Belarus starting in 2017 for the population aged 50 and more in terms of unemployment, alcohol consumption, and poverty. It concludes that, despite the fact that raising the retirement age is overdue in...
Persistent link: https://www.econbiz.de/10011690961
Analyses of pension funding effects on economic growth need to differentiate between "carve-out" pension privatization … evidence that pension privatization in Latin America and Eastern Europe was associated with higher economic growth. The result … particularly unlikely in countries resorting to debt-financed privatization. Furthermore, we note the lack of positive pension …
Persistent link: https://www.econbiz.de/10011536201
This paper surveys the most significant problems of the pension systems of EU11 countries. These nations had to transform their old-age social security systems after replacing a state-socialist economic order with a capitalist one. Stressing common as well as specific features, our paper...
Persistent link: https://www.econbiz.de/10011537789
countries have reversed the privatization. This report: (i) analyses the failure of mandatory private pensions to improve old … fiscal impacts, and others; (ii) documents the reversals of pension privatization, the laws, governance, new entitlements … pension privatization, for those countries considering returning back to a public system …
Persistent link: https://www.econbiz.de/10012908707
states. It focuses, in particular, on the changing approach to the fiscal implications of pension privatization. In the next … accompanied the implementation of pension privatization. The final section then discusses the new rationale that informs the … for pension privatization in the second wave is not so much a positive-economics argument, but a mistrust of the state and …
Persistent link: https://www.econbiz.de/10013057681
. Econometric analysis suggests that pension privatization failed to produce anticipated side-effect benefits, such as increased … national saving or accelerated economic growth. If pension privatization structural weaknesses are unlikely to be resolved …
Persistent link: https://www.econbiz.de/10013046933
In order for ‘carve-out' pension privatization to improve long-term sustainability the transition should not be … pension privatization structural deficiencies and disappointing performance allow reversals to improve the short-term stance … support the multi-decade fiscal austerity required to finance pension privatization, reform adjustments and reversals can be a …
Persistent link: https://www.econbiz.de/10012950489
Analyses of pension funding effects on economic growth need to differentiate between ‘carve-out' pension privatization … evidence that pension privatization in Latin America and Eastern Europe was associated with higher economic growth. The result … particularly unlikely in countries resorting to debt-financed privatization. Furthermore, we note the lack of positive pension …
Persistent link: https://www.econbiz.de/10012980582
public provision. What explains this wave of reversals in pension privatization, but also variation in its outcomes …? Proponents of pension privatization had argued that it would boost domestic capital markets and economic growth. By revealing how … pension privatization helped increase sovereign debt and how large a part of pension funds' assets was invested in government …
Persistent link: https://www.econbiz.de/10013030410
and Pension Systems -- Public Education -- Research & Development and Higher Education -- Inequality and Welfare. …
Persistent link: https://www.econbiz.de/10012819086