Reform of the Canada Pension Plan: Analytical Considerations
Like other transfer programs, a pay-as-you-go public pension system can significantly affect economic behavior and, hence, relative prices and macroeconomic aggregates. This paper illustrates some of these effects, which are important in weighing options for reforming public pensions, in the context...
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C
International Monetary Fund
1997
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Schriftenreihe: | IMF Working Papers
Working Paper No. 97/141 |
Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
Zusammenfassung: | Like other transfer programs, a pay-as-you-go public pension system can significantly affect economic behavior and, hence, relative prices and macroeconomic aggregates. This paper illustrates some of these effects, which are important in weighing options for reforming public pensions, in the context of a stylized model of the Canadian economy. It shows that introducing such a system can reduce aggregate saving, income, and wages and increase interest rates. It also shows that a significant part of the distortion can occur because benefits are not explicitly linked to contributions and that creating a linkage can reduce the distortions associated with the wage tax that funds plan contributions |
Beschreibung: | 1 Online-Ressource (30 p) |
ISBN: | 1451928327 9781451928327 |
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spelling | Kramer, Charles Frederick Verfasser aut Reform of the Canada Pension Plan Analytical Considerations Kramer, Charles Frederick Washington, D.C International Monetary Fund 1997 1 Online-Ressource (30 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 97/141 Like other transfer programs, a pay-as-you-go public pension system can significantly affect economic behavior and, hence, relative prices and macroeconomic aggregates. This paper illustrates some of these effects, which are important in weighing options for reforming public pensions, in the context of a stylized model of the Canadian economy. It shows that introducing such a system can reduce aggregate saving, income, and wages and increase interest rates. It also shows that a significant part of the distortion can occur because benefits are not explicitly linked to contributions and that creating a linkage can reduce the distortions associated with the wage tax that funds plan contributions Online-Ausg Li, Yutong Sonstige oth http://elibrary.imf.org/view/IMF001/05603-9781451928327/05603-9781451928327/05603-9781451928327.xml Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Kramer, Charles Frederick Reform of the Canada Pension Plan Analytical Considerations |
title | Reform of the Canada Pension Plan Analytical Considerations |
title_auth | Reform of the Canada Pension Plan Analytical Considerations |
title_exact_search | Reform of the Canada Pension Plan Analytical Considerations |
title_exact_search_txtP | Reform of the Canada Pension Plan Analytical Considerations |
title_full | Reform of the Canada Pension Plan Analytical Considerations Kramer, Charles Frederick |
title_fullStr | Reform of the Canada Pension Plan Analytical Considerations Kramer, Charles Frederick |
title_full_unstemmed | Reform of the Canada Pension Plan Analytical Considerations Kramer, Charles Frederick |
title_short | Reform of the Canada Pension Plan |
title_sort | reform of the canada pension plan analytical considerations |
title_sub | Analytical Considerations |
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