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Japan’s gross government debt of 226% of GDP in 2018 is the highest ever recorded in the OECD area, and places the economy at risk. The government now aims to achieve a primary surplus by FY 2025. Additional fiscal consolidation, based on a detailed plan covering specific spending cuts and tax...
Persistent link: https://www.econbiz.de/10012111109
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, new problems appear that economic policymakers must address. How to provide adequate pensions for the elderly is one such … only in the lack of coverage, but also in the low level of benefits, even of contributory pensions. It argues that to … design public policies for pensions, it is essential to understand the complex web of interactions between employers and …
Persistent link: https://www.econbiz.de/10010943355
With gross government debt surpassing 200% of GDP, Japan’s fiscal situation is in uncharted territory. In addition to robust nominal GDP growth, correcting two decades of budget deficits requires a large and sustained fiscal consolidation based on a detailed and credible multi-year plan that...
Persistent link: https://www.econbiz.de/10011276790
This paper seeks to contribute to debate on the issue of reform of pension systems in the EU, in the context of the direct effects of such provisions on fiscal policy.
Persistent link: https://www.econbiz.de/10005780903
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This paper analyzes various reform options for Japan’s public pension in light of large fiscal consolidation needs of the country. The most attractive option is to increase the pension eligibility age in line with high and rising life expectancy. This would have a positive effect on...
Persistent link: https://www.econbiz.de/10011142039
, new problems appear that economic policymakers must address. How to provide adequate pensions for the elderly is one such … only in the lack of coverage, but also in the low level of benefits, even of contributory pensions. It argues that to … design public policies for pensions, it is essential to understand the complex web of interactions between employers and …
Persistent link: https://www.econbiz.de/10010895443
Pension reform is high on the policy agenda of many advanced and emerging market economies. In advanced economies the challenge is generally to contain future increases in public pension spending as the population ages. In emerging market economies, the challenges are often different. Where...
Persistent link: https://www.econbiz.de/10010790493
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