A tradeoff between the output and current account effects of pension reform /:
We compare the long-term output and current account effects of pension reforms that increase the retirement age with those of reforms that cut pension benefits, conditional on reforms achieving similar fiscal targets. We show the presence of a policy trade-off. Pension reforms that increase the reti...
Gespeichert in:
| 1. Verfasser: | |
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| Körperschaft: | |
| Weitere Verfasser: | |
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
[Washington, D.C.] :
International Monetary Fund,
©2012.
|
| Schriftenreihe: | IMF working paper ;
WP/12/283. |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | We compare the long-term output and current account effects of pension reforms that increase the retirement age with those of reforms that cut pension benefits, conditional on reforms achieving similar fiscal targets. We show the presence of a policy trade-off. Pension reforms that increase the retirement age have a large positive effect on output, but a small (and often negative) effect on the current account. In contrast, reforms that cut pension benefits improve the current account balance but reduce output. Mixed pension reforms, which extend the working life and cut pension benefits, can simultaneously boost output and the current account. |
| Beschreibung: | Title from PDF title page (IMF Web site, viewed December 6, 2012). "Institute for Capacity Development." "December 2012." |
| Beschreibung: | 1 online resource (24 pages) |
| Bibliographie: | Includes bibliographical references. |
| ISBN: | 9781616358570 1616358572 1475563949 9781475563948 1475576358 9781475576351 1475579349 9781475579345 |
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| 245 | 1 | 2 | |a A tradeoff between the output and current account effects of pension reform / |c prepared by Mario Catálan and Nicolas E. Magud. |
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| 500 | |a Title from PDF title page (IMF Web site, viewed December 6, 2012). | ||
| 520 | |a We compare the long-term output and current account effects of pension reforms that increase the retirement age with those of reforms that cut pension benefits, conditional on reforms achieving similar fiscal targets. We show the presence of a policy trade-off. Pension reforms that increase the retirement age have a large positive effect on output, but a small (and often negative) effect on the current account. In contrast, reforms that cut pension benefits improve the current account balance but reduce output. Mixed pension reforms, which extend the working life and cut pension benefits, can simultaneously boost output and the current account. | ||
| 500 | |a "Institute for Capacity Development." | ||
| 500 | |a "December 2012." | ||
| 504 | |a Includes bibliographical references. | ||
| 505 | 0 | |a Cover; Contents; Abstract; I. Introduction; II. The Model; III. Results; A. Baseline; B. Reform I: Increasing the Retirement Age; C. Reform II: Cutting Pension Benefits; D. The Long-Run Tradeoff between Output and the Current Account; References; Tables; 1. Baseline Parameter Values; 2. Results; Figures; 1. Baseline Household's Wage, Pension, Disposable Income, Consumption, and Saving Profiles by Age; 2. Effects of Pension Reforms o Household's Disposable Income and Consumption Profiles by Age; 3. Effects of Pension Reforms on Household's Labor Effort Profile by Age. | |
| 546 | |a English. | ||
| 650 | 0 | |a Industrial productivity |x Econometric models. | |
| 650 | 0 | |a Balance of payments |x Econometric models. | |
| 650 | 0 | |a Pensions |x Econometric models. | |
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| 650 | 6 | |a Balance des paiements |x Modèles économétriques. | |
| 650 | 6 | |a Pensions |x Modèles économétriques. | |
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| 700 | 1 | |a Magud, Nicolas. | |
| 710 | 2 | |a International Monetary Fund. |b Institute for Capacity Development. |0 http://id.loc.gov/authorities/names/no2012075144 | |
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| author | Catalán, Mario, 1972- |
| author2 | Magud, Nicolas |
| author2_role | |
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| author_GND | http://id.loc.gov/authorities/names/no2003017099 |
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| contents | Cover; Contents; Abstract; I. Introduction; II. The Model; III. Results; A. Baseline; B. Reform I: Increasing the Retirement Age; C. Reform II: Cutting Pension Benefits; D. The Long-Run Tradeoff between Output and the Current Account; References; Tables; 1. Baseline Parameter Values; 2. Results; Figures; 1. Baseline Household's Wage, Pension, Disposable Income, Consumption, and Saving Profiles by Age; 2. Effects of Pension Reforms o Household's Disposable Income and Consumption Profiles by Age; 3. Effects of Pension Reforms on Household's Labor Effort Profile by Age. |
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| owner | MAIN DE-863 DE-BY-FWS |
| owner_facet | MAIN DE-863 DE-BY-FWS |
| physical | 1 online resource (24 pages) |
| psigel | ZDB-4-EBU |
| publishDate | 2012 |
| publishDateSearch | 2012 |
| publishDateSort | 2012 |
| publisher | International Monetary Fund, |
| record_format | marc |
| series | IMF working paper ; |
| series2 | IMF working paper ; |
| spelling | Catalán, Mario, 1972- http://id.loc.gov/authorities/names/no2003017099 A tradeoff between the output and current account effects of pension reform / prepared by Mario Catálan and Nicolas E. Magud. [Washington, D.C.] : International Monetary Fund, ©2012. 1 online resource (24 pages) text txt rdacontent computer c rdamedia online resource cr rdacarrier polychrome. rdacc http://rdaregistry.info/termList/RDAColourContent/1003 data file Bibliography IMF working paper ; WP/12/283 Title from PDF title page (IMF Web site, viewed December 6, 2012). We compare the long-term output and current account effects of pension reforms that increase the retirement age with those of reforms that cut pension benefits, conditional on reforms achieving similar fiscal targets. We show the presence of a policy trade-off. Pension reforms that increase the retirement age have a large positive effect on output, but a small (and often negative) effect on the current account. In contrast, reforms that cut pension benefits improve the current account balance but reduce output. Mixed pension reforms, which extend the working life and cut pension benefits, can simultaneously boost output and the current account. "Institute for Capacity Development." "December 2012." Includes bibliographical references. Cover; Contents; Abstract; I. Introduction; II. The Model; III. Results; A. Baseline; B. Reform I: Increasing the Retirement Age; C. Reform II: Cutting Pension Benefits; D. The Long-Run Tradeoff between Output and the Current Account; References; Tables; 1. Baseline Parameter Values; 2. Results; Figures; 1. Baseline Household's Wage, Pension, Disposable Income, Consumption, and Saving Profiles by Age; 2. Effects of Pension Reforms o Household's Disposable Income and Consumption Profiles by Age; 3. Effects of Pension Reforms on Household's Labor Effort Profile by Age. English. Industrial productivity Econometric models. Balance of payments Econometric models. Pensions Econometric models. Productivité Modèles économétriques. Balance des paiements Modèles économétriques. Pensions Modèles économétriques. BUSINESS & ECONOMICS Industries General. bisacsh Balance of payments Econometric models fast Industrial productivity Econometric models fast Pensions Econometric models fast Magud, Nicolas. International Monetary Fund. Institute for Capacity Development. http://id.loc.gov/authorities/names/no2012075144 has work: A tradeoff between the output and current account effects of pension reform (Text) https://id.oclc.org/worldcat/entity/E39PCGgr9986mQpQMYrYxgk79C https://id.oclc.org/worldcat/ontology/hasWork 1-61635-857-2 1-4755-6394-9 IMF working paper ; WP/12/283. http://id.loc.gov/authorities/names/no89010263 FWS01 ZDB-4-EBU FWS_PDA_EBU https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=536800 Volltext |
| spellingShingle | Catalán, Mario, 1972- A tradeoff between the output and current account effects of pension reform / IMF working paper ; Cover; Contents; Abstract; I. Introduction; II. The Model; III. Results; A. Baseline; B. Reform I: Increasing the Retirement Age; C. Reform II: Cutting Pension Benefits; D. The Long-Run Tradeoff between Output and the Current Account; References; Tables; 1. Baseline Parameter Values; 2. Results; Figures; 1. Baseline Household's Wage, Pension, Disposable Income, Consumption, and Saving Profiles by Age; 2. Effects of Pension Reforms o Household's Disposable Income and Consumption Profiles by Age; 3. Effects of Pension Reforms on Household's Labor Effort Profile by Age. Industrial productivity Econometric models. Balance of payments Econometric models. Pensions Econometric models. Productivité Modèles économétriques. Balance des paiements Modèles économétriques. Pensions Modèles économétriques. BUSINESS & ECONOMICS Industries General. bisacsh Balance of payments Econometric models fast Industrial productivity Econometric models fast Pensions Econometric models fast |
| title | A tradeoff between the output and current account effects of pension reform / |
| title_auth | A tradeoff between the output and current account effects of pension reform / |
| title_exact_search | A tradeoff between the output and current account effects of pension reform / |
| title_full | A tradeoff between the output and current account effects of pension reform / prepared by Mario Catálan and Nicolas E. Magud. |
| title_fullStr | A tradeoff between the output and current account effects of pension reform / prepared by Mario Catálan and Nicolas E. Magud. |
| title_full_unstemmed | A tradeoff between the output and current account effects of pension reform / prepared by Mario Catálan and Nicolas E. Magud. |
| title_short | A tradeoff between the output and current account effects of pension reform / |
| title_sort | tradeoff between the output and current account effects of pension reform |
| topic | Industrial productivity Econometric models. Balance of payments Econometric models. Pensions Econometric models. Productivité Modèles économétriques. Balance des paiements Modèles économétriques. Pensions Modèles économétriques. BUSINESS & ECONOMICS Industries General. bisacsh Balance of payments Econometric models fast Industrial productivity Econometric models fast Pensions Econometric models fast |
| topic_facet | Industrial productivity Econometric models. Balance of payments Econometric models. Pensions Econometric models. Productivité Modèles économétriques. Balance des paiements Modèles économétriques. Pensions Modèles économétriques. BUSINESS & ECONOMICS Industries General. Balance of payments Econometric models Industrial productivity Econometric models Pensions Econometric models |
| url | https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=536800 |
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