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The effect of the Covid pension withdrawals and the Universal Guaranteed Pension on the income of the future retirees and its fiscal costs
Madeira, Carlos - In: Latin American journal of central banking : LAJCB 5 (2024) 3, pp. 1-13
Chile implemented large pension withdrawals during the pandemic relative to other countries. Afterwards, Chile … increased non-contributory benefits in a quasi-universal scheme. Simulating the future pensions, I show that the average loss in …
Persistent link: https://www.econbiz.de/10015078270
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Assessing Chile's pension system : challenges and reform options
Evans, Christopher; Pienknagura, Samuel - 2021
Persistent link: https://www.econbiz.de/10012796753
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Notional defined contribution (NDC) pension schemes and income patterns
Nisticò, Sergio; Bevilacqua, Mirko - 2013
During the 1990s, some important European countries, particularly Italy and Sweden, have radically transformed their public pension system by adopting defined-contribution rules while retaining a pay-as-you-go financial architecture. This paper inquires into the theoretical properties of these...
Persistent link: https://www.econbiz.de/10009764835
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The impact of pension system reform on projected old-age income : the case of Poland
Jarocinska, Elena; Ruzik-Sierdzińska, Anna - 2016
This paper analyses the distributional effects of the Polish old-age pension reform introduced in 1999. Following a benchmark Mincer earnings equation, and using a newly developed microsimulation model we project future pension benefits for males born in years 1969–1979. We find that...
Persistent link: https://www.econbiz.de/10011540363
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Assessing Chile's Pension System : Challenges and Reform Options
Evans, Christopher; Pienknagura, Samuel - 2022
Chile’s pension system came under close scrutiny in recent years. This paper takes stock of the adequacy of the system … and highlights its challenges. Chile’s defined contribution system was quite influential when introduced, and was taken as …
Persistent link: https://www.econbiz.de/10013305547
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Intergenerational actuarial fairness when longevity increases : amending the retirement age
Bravo, Jorge Miguel Ventura; Ayuso, Mercedes; Holzmann, … - 2021
Continuous longevity improvements and population ageing have led countries to modify national public pension schemes by increasing the standard and early retirement ages in a discretionary, scheduled, or automatic way, and by making it harder for people to retire prematurely. To this end,...
Persistent link: https://www.econbiz.de/10012668785
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Objectives and challenges in the implementation of a universal pension system in France
Boulhol, Hervé - 2019
The mission of the French High Commission for Pension Reform is to prepare the reform introducing a universal pension points system in France. This paper explains why implementing a universal points system in France would increase transparency, reduce inequality and generate efficiency gains for...
Persistent link: https://www.econbiz.de/10012111056
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Pensions and household savings : cross-country heterogeneity in Europe
D'Addio, Anna Cristina; Roger, Muriel; Savignac, … - 2020
We address the question of whether the heterogeneity in savings is partly due to differences in pension wealth across individuals and across countries, using a European harmonised wealth survey (HFCS) combined with estimates of pension wealth (OECD). First, we find significant displacement...
Persistent link: https://www.econbiz.de/10012156487
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Calculating the redistributive impact of pension systems in LAC
Altamirano, Alvaro; Oliveri, María Laura; Bosch Mossi, … - 2023
average, LAC's pension systems are subsidized, as they provide pensions above what workers would have obtained by investing … replacement rates (pensions relative to earnings) for low-income workers. Despite this progressivity, in some countries, absolute … much more progressive, but still, because low-income workers do not qualify for minimum pensions, between 50-60% of …
Persistent link: https://www.econbiz.de/10014545279
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Intergenerational redistribution in a pay-as-you-go pension system
Lundberg, Jacob - 2024
This study provides a comprehensive analysis of the generational wealth transfer within Sweden's public pay-as-you-go pension system introduced in 1960. Using extensive administrative registers, the paper quantifies the contributions made and benefits received by each birth cohort. The findings...
Persistent link: https://www.econbiz.de/10014531985