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Tradeoff between the Output and Current Account Effects of Pension Reform.
Catalán, Mario - 2012
We compare the long-term output and current account effects of pension reforms that increase the retirement age with … a policy trade-off. Pension reforms that increase the retirement age have a large positive effect on output, but a small …: Increasing the Retirement Age -- C. Reform II: Cutting Pension Benefits -- D. The Long-Run Tradeoff between Output and the …
Persistent link: https://www.econbiz.de/10012690159
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Social Security Reforms, Retirement and Sectoral Decisions
Delalibera, Bruno - 2025
private sector. As such, social security reforms can affect both retirement decisions and sectoral choices. We study the … effects of social security reforms on retirement and sectoral behavior in an economy with multiple pension systems. We develop … public - and endogenous retirement. We quantitatively assess the long-run effects of reforms being discussed and implemented …
Persistent link: https://www.econbiz.de/10015328072
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China’s Demography and its Implications
Lee, Il Houng; Qingjun, Xu; Syed, Murtaza H. - International Monetary Fund (IMF) - 2013
In coming decades, China will undergo a notable demographic transformation, with its old-age dependency ratio doubling to 24 percent by 2030 and rising even more precipitously thereafter. This paper uses the permanent income hypothesis to reassess national savings behavior, with greater...
Persistent link: https://www.econbiz.de/10011142029
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Pension Reforms in Japan
Kashiwase, Kenichiro; Nozaki, Masahiro; Tokuoka, Kiichi - International Monetary Fund (IMF) - 2012
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
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A Tradeoff between the Output and Current Account Effects of Pension Reform
Catalan, Mario; Magud, Nicolas E. - International Monetary Fund (IMF) - 2012
We compare the long-term output and current account effects of pension reforms that increase the retirement age with … a policy trade-off. Pension reforms that increase the retirement age have a large positive effect on output, but a small …
Persistent link: https://www.econbiz.de/10010790246
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Reforming the Public Pension System in the Russian Federation
Eich, Frank; Soto, Mauricio; Gust, Charleen - International Monetary Fund (IMF) - 2012
Pension reform is a key policy challenge in Russia. This paper examines how pension spending could increase in Russia in the absence of reforms, quantifies the impact of some recent proposals, and suggests some alternatives that would ensure public pension benefits - relative to wages - not fall...
Persistent link: https://www.econbiz.de/10010790258
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Quantifying Impact of Aging Population on Fiscal Space
Park, Seok Gil - International Monetary Fund (IMF) - 2012
This paper quantitatively investigates how population aging trend affects fiscal space measured as unused revenue generating capacity by utilizing a standard neoclassical growth model. A calibration exercise for G-7 countries shows that France, Germany and Italy suffer greater revenue impact...
Persistent link: https://www.econbiz.de/10010790302
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The Impact of Longevity Improvements on U.S. Corporate Defined Benefit Pension Plans
Kiff, John; Kisser, Michael; Soto, Mauricio; Oppers, … - International Monetary Fund (IMF) - 2012
This paper provides the first empirical assessment of the impact of life expectancy assumptions on the liabilities of private U.S. defined benefit (DB) pension plans. Using detailed actuarial and financial information provided by the U.S. Department of Labor, we construct a longevity variable...
Persistent link: https://www.econbiz.de/10010790337
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Fiscal Policy Response to External Crises the Case of Moldova 1998-2010
Qehaja, Driton - International Monetary Fund (IMF) - 2012
External shocks pose major challenges to fiscal policy makers through lower output and large fiscal imbalances. This paper analyzes the case of Moldova, which faced parallel crises a decade apart: the Russian crisis of 1998 and the global financial crisis of 2008-2009. The country went through...
Persistent link: https://www.econbiz.de/10010790375
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Intergenerational Implications of Fiscal Consolidation in Japan
Tokuoka, Kiichi - International Monetary Fund (IMF) - 2012
In Japan, intergenerational inequality in lifetime resources is substantial, with a heavier fiscal burden on the young than the old. Moreover, given the need for fiscal consolidation, the inequality is even worse than existing policy would suggest. However, this does not mean that fiscal...
Persistent link: https://www.econbiz.de/10010790385