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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

Social Security Reforms in Colombia

Clavijo, Sergio - 2009

of public health care in Colombia during 1993-2008. Parametric pension reforms have focused on increasing the retirement …

Persistent link: https://www.econbiz.de/10012677742

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

Public Pension Reform: A Primer

Jousten, Alain - International Monetary Fund (IMF) - 2007

heavily refers to the recent U.S. Social Security reform debate in general and to the Personal Retirement Accounts proposal in … retirement. …

Persistent link: https://www.econbiz.de/10005826298

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

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

Pension Reform in China; The Need for a New Approach

Dunaway, Steven Vincent; Arora, Vivek B. - International Monetary Fund (IMF) - 2007

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

Coping with Spain's Aging; Retirement Rules and Incentives

Hoffmaister, Alexander W.; Catalán, Mario; Guajardo, Jaime - International Monetary Fund (IMF) - 2007

those increasing the retirement age under alternative tax policies. The analysis is based on a model in the Auerbach … pressures at the peak of the demographic shock as much as increasing the retirement age in line with life expectancy (4 …

Persistent link: https://www.econbiz.de/10005769092

Pension Reform, Private Saving, and the Current Account in a Small Open Economy

Schimmelpfennig, Axel - International Monetary Fund (IMF) - 2000

The macroeconomic implications of a pension reform that substitutes a high-return fully-funded system for a low-return pay-as-you-go system are discussed in an overlapping generations, neoclassical growth model. With forward-looking individuals, a debt-financed reform worsens the current...

Persistent link: https://www.econbiz.de/10005599411

Financial Market Implications of India's Pension Reform

Poirson, Hélène - International Monetary Fund (IMF) - 2007

India's planned pension reform will set up a proper regulatory framework for the pension industry and open up the sector to private fund managers. Drawing on international experiences, the paper highlights pre-conditions for the reform to kick-start financial development, including: (i) the...

Persistent link: https://www.econbiz.de/10005599422