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recent pension and labor market reforms. Consequently, to ensure long-term sustainability, pension reform must go further and …
Persistent link: https://www.econbiz.de/10005263966
This 2004 Article IV Consultation highlights that Japan’s economic recovery continued in 2003 and into the first part of 2004. For 2003, GDP growth reached 2½ percent, double the mid-year consensus forecast, and continued at about 6 percent on an annualized basis in the first quarter...
Persistent link: https://www.econbiz.de/10005768491
The Chinese pension system is highly fragmented and decentralized, with governance standards, pension fund management … practices, their regulation and supervision varying considerably both across the funded components of the Chinese pension system … identifies remaining weaknesses, in regard to information disclosure, the governance framework and pension fund management …
Persistent link: https://www.econbiz.de/10008540915
This paper reviews economic developments in Slovenia during 1990–96. Slovenia experienced its first positive real GDP growth in 1993. Real GDP grew by 1.3 percent. This modest recovery began under the impetus of buoyant domestic demand, which grew by 8¼ percent; real foreign demand...
Persistent link: https://www.econbiz.de/10005591365
This Selected Issues paper on Chile assesses the long-term outlook of Chile’s private pension system. The paper …
Persistent link: https://www.econbiz.de/10005591527
solvency of their defined-benefit pension plans. Will this lead to higher contributions? Will higher contributions increase … pension fund regulation? This paper develops a theoretical model to address these questions. Although its scope is more … general, the model captures the main institutional features of the pension system in the Netherlands, a country where the …
Persistent link: https://www.econbiz.de/10005604805
The Czech economy has rebounded from the downturn owing to its strong fundamentals and the global recovery. Domestic demand has become self-sustaining since mid-2010. Fixed investment grew moderately in the second half of 2010, mostly on account of one-off factors. GDP has grown by 2.3 percent...
Persistent link: https://www.econbiz.de/10011242969
The contribution analyzes some life annuity aspects of the pension system (including commercial insurance) in the Czech … Republic. In particular, the problem of sustainability, the Generation Life Tables for the pension system and the gender … problem for the pensions in the Czech Republic are discussed. Such topics are important for the future of the pension system …
Persistent link: https://www.econbiz.de/10011195610
This chapter focuses on institutional investors in the German financial markets. Institutional investors are specialized financial intermediaries who collect and manage funds on behalf of small investors toward specific objectives in terms of risk, return and maturity. The major types of...
Persistent link: https://www.econbiz.de/10010298239
People who delay claiming Social Security receive higher lifelong benefits upon retirement. We survey individuals on their willingness to delay claiming later, if they could receive a lump sum in lieu of a higher annuity payment. Using a moment-matching approach, we calibrate a lifecycle model...
Persistent link: https://www.econbiz.de/10012064297