pressure on the pension system and health and long-term care expenditures. This paper evaluates the impact of population aging …Korea is on the verge of an unprecedented demographic shift. In coming decades, rapid aging will transform it from one … tools, including pension reform, tax base broadening (and, if necessary, rate hikes), improved tax administration and some …

due to population aging, pension reform proposals are also being considered. In this paper we assess the macroeconomic … GDP by 2012. Instead, raising the retirement age and prefunding future aging costs would be needed to keep debt below 60 …

population aging is expected to pose additional fiscal costs not captured by such indicators. To better gauge the state of public … from the European Commission’s Aging Working Group’s long-run indicators and using a comprehensive public …

The paper explores the macroeconomic effects of three public pension reforms, namely an increase in retirement age, a … Monetary and Fiscal model (GIMF), we find that public pension reforms can have a positive effect on growth in both the short … stronger capital accumulation due to higher world savings. An increase in the retirement age reform yields the strongest impact …

retirement age, broadening the tax base, and raising indirect taxes, would be a more growth-friendly strategy than relying …