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A Tradeoff Between the Output and Current Account Effects of Pension Reform

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Description: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.We have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with A Tradeoff Between the Output and Current Account Effects of Pension Reform. To get started finding A Tradeoff Between the Output and Current Account Effects of Pension Reform, you are right to find our website which has a comprehensive collection of manuals listed.
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Pages: 24

Format: PDF, EPUB & Kindle Edition

Publisher: International Monetary Fund

Release: 2012

ISBN: 1475576358

Description: 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.We have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with A Tradeoff Between the Output and Current Account Effects of Pension Reform. To get started finding A Tradeoff Between the Output and Current Account Effects of Pension Reform, you are right to find our website which has a comprehensive collection of manuals listed.
Our library is the biggest of these that have literally hundreds of thousands of different products represented.

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A Tradeoff Between the Output and Current Account Effects of Pension Reform

A Tradeoff Between the Output and Current Account Effects of Pension Reform

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