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Putting the pension system on a sustainable footing arguably remains the biggest challenge in Russia's economic policies. The debate about the policy options was hitherto constrained by the absence of general equilibrium analysis. This paper fills this gap by simulating their macroeconomic...
Persistent link: https://www.econbiz.de/10005263824
Pension reform is a key policy challenge in Russia. This paper examines how pension spending could increase in Russia …
Persistent link: https://www.econbiz.de/10010790258
Persistent link: https://www.econbiz.de/10005590852
This Selected Issues paper on Chile assesses the long-term outlook of Chile’s private pension system. The paper provides an overview of Chile’s recent experience with public–private partnerships (PPPs), focusing on the design of its institutional framework. The paper...
Persistent link: https://www.econbiz.de/10005591527
government's economic policy priorities and recent achievements have been commendable. Tax reform will help improve the economy …'s long-term growth potential. Successful reform of inter-governmental fiscal relations is key to achieving the medium …-term fiscal objectives. The recent pension reform will ensure long-term sustainability of the pension system. The creation of the …
Persistent link: https://www.econbiz.de/10005591548
Preliminary estimates show that pension costs will continue to grow for several years, and controlling and curbing pension costs will be a challenge for Bolivia. Market-friendly reforms could limit the scope for dollarization and its risks. A gradual shift toward a more flexible exchange rate...
Persistent link: https://www.econbiz.de/10005768459
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 difficulties over dealing with the "legacy costs"...
Persistent link: https://www.econbiz.de/10005769032
), particularly for the low-income and older individuals. Using simulations of tax and social benefits and public pensions, the paper … shows how the current tax, welfare, and pension systems create disincentives to work among these groups. The paper finds … reform measures to enhance work incentives and labor participation, which will be crucial for dealing with population aging …
Persistent link: https://www.econbiz.de/10005605130
This paper examines Colombia’s 2002 Article IV Consultation and Request for Stand-By Arrangement. The economic situation worsened in the first half of 2002. Economic activity has remained sluggish, and the fiscal consolidation has gone off-track. Exacerbated by increased contagion from...
Persistent link: https://www.econbiz.de/10005824881
heavily refers to the recent U.S. Social Security reform debate in general and to the Personal Retirement Accounts proposal in …The present paper reviews key issues in pension design and pension reform encountered all across the world. The paper … retirement. …
Persistent link: https://www.econbiz.de/10005826298