Showing 1 - 10 of 11,950
This paper examines thoroughly the Chilean Pension Reform, giving first an overview of the mandatory saving plan, the relevant institutions, and the rules for transition from the old to the new system. The main part of the paper contains a critical evaluation of the reform, in particular the...
Persistent link: https://www.econbiz.de/10009767697
Social Security reform started out with a bang in 2005. President Bush made it the centerpiece of his 2005 State of the Union address, and he spent the early months of the year on a 60-day, 60-city tour around the country in which he touted his pet project of creating Social Security...
Persistent link: https://www.econbiz.de/10012777592
This article contains a proposal for reform of the Social Security System based on a lower benefit ceiling than the current one and on broader access to interest-bearing funds. The replenishment rate for this option is computed, considering the vested rights accruing prior to the reform, showing...
Persistent link: https://www.econbiz.de/10014218177
Despite its centrality in monetary policy, communication is not a focus in social security reform. We investigate the potential for active communication to dissipate apparently widespread public confusion about the future of social security. We implement a simple information treatment in which...
Persistent link: https://www.econbiz.de/10014237615
This paper simulates a transition from the current pay-as-you-go Social Security system to a prefunded system based on Personal Retirement Accounts (PRAs). Annual PRA contributions of 2 percent of taxable payroll earning the historical return on the corporate sector are sufficient to close the...
Persistent link: https://www.econbiz.de/10014038253
In 2010, increasing the retirement age became a focal point of Social Security reform proposals. In a controversial move, President Obama's bipartisan National Commission on Fiscal Responsibility and Reform recommended increasing the full retirement age from 67 to 69 and the age at which...
Persistent link: https://www.econbiz.de/10014044414
Despite its centrality in monetary policy, communication is not a focus in social security reform. We investigate the potential for active communication to dissipate apparently widespread public confusion about the future of social security. We implement a simple information treatment in which...
Persistent link: https://www.econbiz.de/10013375249
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
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
Security policy, including the call for the partial privatization of Social Security via the introduction of individual …
Persistent link: https://www.econbiz.de/10014140895