| Description |
1 online resource (24 pages). |
|
data file |
|
Bibliography |
| Series |
IMF working paper ; WP/12/283
|
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IMF working paper ; WP/12/283.
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| Note |
Title from PDF title page (IMF Web site, viewed Dec. 6, 2012). |
| Summary |
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. |
| Note |
"Institute for Capacity Development." |
|
"December 2012." |
| Bibliography |
Includes bibliographical references. |
| Local Note |
eBooks on EBSCOhost EBSCO eBook Subscription Academic Collection - North America |
| Subject |
Industrial productivity -- Econometric models.
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Industrial productivity -- Econometric models. |
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Industrial productivity. |
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Balance of payments -- Econometric models.
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Balance of payments -- Econometric models. |
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Balance of payments. |
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Pensions -- Econometric models.
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Pensions -- Econometric models. |
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Pensions. |
| Genre/Form |
Electronic books.
|
| Added Author |
Magud, Nicolas.
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International Monetary Fund. Institute for Capacity Development.
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| ISBN |
9781616358570 (electronic book) |
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1616358572 (electronic book) |
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9781475563948 |
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9781475576351 |
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