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This Selected Issues paper of the United Kingdom analyzes the official projections of public pension spending and risks, as well as the strategy to increase private pension provision. It provides a comparison of stylized facts regarding business cycle developments in the three economies, and an...
Persistent link: https://www.econbiz.de/10005825234
, pension plan type, and size are important for administrative costs. The findings support the view that aging may lead to …
Persistent link: https://www.econbiz.de/10005825621
size of the welfare state. This is despite the increased political clout of the dependent population implied by the aging …
Persistent link: https://www.econbiz.de/10005825663
Korea is on the verge of an unprecedented demographic shift. In coming decades, rapid aging will transform it from one … pressure on the pension system and health and long-term care expenditures. This paper evaluates the impact of population aging …
Persistent link: https://www.econbiz.de/10005825781
heavily refers to the recent U.S. Social Security reform debate in general and to the Personal Retirement Accounts proposal in … retirement. …
Persistent link: https://www.econbiz.de/10005826298
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
This 2005 Article IV Consultation highlights that Belgium’s growth has picked up following weakness in early 2005, mainly reflecting a negative contribution from the external sector and weak household consumption owing to high energy prices. The authorities and the IMF staff project GDP...
Persistent link: https://www.econbiz.de/10005768594
The demographic transition in the Eastern Caribbean Currency Union (ECCU) now underway is rapid compared with international experience, and emigration is playing a particularly large role. This paper describes and quantifies several factors which could magnify the challenge of pension reform....
Persistent link: https://www.econbiz.de/10005768869
Rising longevity, falling fertility rates, and the retirement of the baby boom generation will substantially raise age …
Persistent link: https://www.econbiz.de/10005769069
those increasing the retirement age under alternative tax policies. The analysis is based on a model in the Auerbach …-Kotlikoff tradition applied to the Spanish economy. Without reforms, the simulations suggest that aging-related spending as a share of … pressures at the peak of the demographic shock as much as increasing the retirement age in line with life expectancy (4 …
Persistent link: https://www.econbiz.de/10005769092