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crisis. The paper recommends obligatory priv ate savings at a variable rate where the time path of the savings rate is chosen …
Persistent link: https://www.econbiz.de/10009781686
crisis. The paper recommends obligatory private savings at a variable rate where the time path of the savings rate is chosen …
Persistent link: https://www.econbiz.de/10005791248
crisis. The paper recommends obligatory priv ate savings at a variable rate where the time path of the savings rate is chosen …
Persistent link: https://www.econbiz.de/10010314987
Persistent link: https://www.econbiz.de/10013417349
How can retirement savings be increased? We explore a unique policy change in the context of the German pension system … these letters on the behavior of individuals. We find an increase in tax-deductible private retirement savings and provide … evidence that this is not due to a crowding-out of other forms of savings. We also show that labor earnings, i.e. the most …
Persistent link: https://www.econbiz.de/10011782119
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
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
Austria faces significant population aging. This will increase public spending on pensions, health care, and long-term care, while tax and social security revenues will fall. This paper analyzes the fiscal burden facing Austria due to aging and the policy steps necessary to address it. The paper...
Persistent link: https://www.econbiz.de/10005263966
This Selected Issues paper on Luxembourg reports that exemplary high growth rates and prudent fiscal policies provided the financial basis for the welfare system. Social expenditures in per capita terms, even adjusted for the large number of cross-border workers, rank highest among European...
Persistent link: https://www.econbiz.de/10011244141
contributions from dependent spouses could contribute to fiscal savings. …
Persistent link: https://www.econbiz.de/10011245302