Search Results - subject:"FISCAL SUSTAINABILITY"

Accounting of pay-as-you-go pension schemes using accrued-to-date liabilities: An example for Switzerland

Metzger, Christoph - 2016

Due to demographic change, the fiscal sustainability of pension schemes financed on a pay-as-you-go (PAYGO) basis is of … the Swiss pension scheme (AHV), we show that financing of the AHV is unsustainable. In order to restore fiscal … sustainability either an increase in the contribution rate to 12 percent or a cut in average pension levels of about 38 percent would …

Persistent link: https://www.econbiz.de/10011418823

Old-Age Provision in Transition: The Case of Croatia

Werding, Martin; Primorac, Marko - 2016

The Croatian system of old-age provision comprises a traditional public pay-as-you-go scheme and a mandatory funded scheme (“second pillar”) that will provide increasing amounts of supplementary pensions to those entering retirement in the future. Due to the continuing economic crisis, the...

Persistent link: https://www.econbiz.de/10011431338

Population aging in healthcare - a minor issue? Evidence from Switzerland

Colombier, Carsten - 2016

popular, but recently strongly contested, view that the coming population aging will threaten the fiscal sustainability of …

Persistent link: https://www.econbiz.de/10011447363

How well do subnational borrowing regulations work?

Martinez-Vazquez, Jorge; Vulovic, Violeta - 2016

intergenerational equity. However, it may also endanger fiscal sustainability and macro stability due to moral hazard and soft budget … direct effect on the narrow definition of fiscal sustainability at the subnational level. …

Persistent link: https://www.econbiz.de/10011688622

Key issues of central and local government finance in the People's Republic of China

Qichun, Zhang; Shufang, Li - 2016

Fiscal decentralization has been established in the People's Republic of China (PRC), but crises emerge at the local government level due to remaining problems of the fiscal administration system of tax allocation and the impact of replacing the business tax with a value added tax. The PRC...

Persistent link: https://www.econbiz.de/10011688643

Empirical Studies on Public Debt and Fiscal Transfers

Reischmann, Markus Josef - 2016

assessing the sustainability of fiscal policy. Using data for the U.S. and German state governments, the results of fiscal … sustainability tests depend on whether fiscal transfers are taken into account. If fiscal transfers are not included in the primary …

Persistent link: https://www.econbiz.de/10011698353

Solvência fiscal de longo prazo dos regimes próprios de previdência dos estados e municípios

Caetano, Marcelo Abi-Ramia - 2016

This article diagnosis the long run sustainability of the pension scheme for public employees (RPPS) in Brazilian subnational governments. The paper describes the rules applied to RPPS related to eligibility criteria, benefit formula, pension indexation, contribution rates and funding. The paper...

Persistent link: https://www.econbiz.de/10011516696

The German statutory pension scheme: Balance sheet, cross-sectional internal rates of return and implicit tax rates

Metzger, Christoph - 2016

We present a framework for accounting of the German statutory pension scheme and estimate a balance sheet for the years 2005 until 2012. Extending and applying the methodology proposed by Settergren and Mikula (2005), we estimate the cross-sectional internal rates of return of the German pension...

Persistent link: https://www.econbiz.de/10011575731

Short-term fiscal sustainability of V4 countries

Sávai, Marianna - In: European Financial and Accounting Journal 11 (2016) 3, pp. 169-182

The financial crisis placed budget and fiscal policy sustainability on the centre stage of researches. Recently, a number of studies have suggested that the researcher should take use of the simplest models, because they provide accurate forecasting results. This present study falls in line with...

Persistent link: https://www.econbiz.de/10011937461

Population aging in healthcare - a minor issue? : evidence from Switzerland

Colombier, Carsten - 2016

popular, but recently strongly contested, view that the coming population aging will threaten the fiscal sustainability of …

Persistent link: https://www.econbiz.de/10011447201