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pressure on the pension system and health and long-term care expenditures. This paper evaluates the impact of population aging … tools, including pension reform, tax base broadening (and, if necessary, rate hikes), improved tax administration and some …
Persistent link: https://www.econbiz.de/10005825781
The present paper reviews key issues in pension design and pension reform encountered all across the world. The paper …
Persistent link: https://www.econbiz.de/10005826298
This paper discusses the foundations for a medium-term fiscal framework for Bulgaria, a transition economy aspiring to join the European Union. The paper argues that a well-designed framework can help to enhance the credibility of macroeconomic policies and facilitate preparations for EU...
Persistent link: https://www.econbiz.de/10005826341
This paper analyzes the economic rationale for adopting parametric pension reforms and reforms broadening the coverage … of public health care in Colombia during 1993-2008. Parametric pension reforms have focused on increasing the retirement …
Persistent link: https://www.econbiz.de/10005826488
This 2002 Article IV Consultation for the Kingdom of the Netherlands—Aruba highlights that after growing at more than 4 percent per year in 1996–2000, the Aruba economy experienced two years of retrenchment, with GDP falling an estimated 1.2 percent in 2001 and 3.8 percent in 2002....
Persistent link: https://www.econbiz.de/10005768489
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
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
which could magnify the challenge of pension reform. First, for some ECCU countries, continued emigration at historical … rates would considerably advance the projected date at which pension scheme assets are depleted. Second, there is a …
Persistent link: https://www.econbiz.de/10005768869
The rapid aging of China's population over the next few decades makes it important for a new pension system with broad … and adequate coverage to be put in place quickly. Pension reforms, first initiated in 1997, have become bogged down in … system. This paper argues that a way forward is to separate the legacy problem from the problem of setting up a new pension …
Persistent link: https://www.econbiz.de/10005769032
Rising longevity, falling fertility rates, and the retirement of the baby boom generation will substantially raise age-related government spending in most advanced and many emerging market countries. This paper assesses the evolution of fiscal sustainability for each of the G-7 countries using...
Persistent link: https://www.econbiz.de/10005769069