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|a HG3881.5.I58
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|a 338/.06
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|a UAMI
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|a Catalán, Mario,
|d 1972-
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|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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|a [Washington, D.C.] :
|b International Monetary Fund,
|c ©2012.
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|a 1 online resource (24 pages)
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|a text
|b txt
|2 rdacontent
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|a computer
|b c
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|a online resource
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|0 http://rdaregistry.info/termList/RDAColourContent/1003
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|a data file
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|a Bibliography
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|a IMF working paper ;
|v WP/12/283
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|a Title from PDF title page (IMF Web site, viewed December 6, 2012).
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|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.
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|a "Institute for Capacity Development."
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|a "December 2012."
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|a Includes bibliographical references.
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|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.
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|a English.
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590 |
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|a ProQuest Ebook Central
|b Ebook Central Academic Complete
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|a eBooks on EBSCOhost
|b EBSCO eBook Subscription Academic Collection - Worldwide
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|a Industrial productivity
|x Econometric models.
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|a Balance of payments
|x Econometric models.
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|a Pensions
|x Econometric models.
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|a Productivité
|x Modèles économétriques.
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|a Balance des paiements
|x Modèles économétriques.
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|a Pensions
|x Modèles économétriques.
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|a BUSINESS & ECONOMICS
|x Industries
|x General.
|2 bisacsh
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|a Balance of payments
|x Econometric models
|2 fast
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|a Industrial productivity
|x Econometric models
|2 fast
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|a Pensions
|x Econometric models
|2 fast
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|a Magud, Nicolas.
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|a International Monetary Fund.
|b Institute for Capacity Development.
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|i has work:
|a A tradeoff between the output and current account effects of pension reform (Text)
|1 https://id.oclc.org/worldcat/entity/E39PCGgr9986mQpQMYrYxgk79C
|4 https://id.oclc.org/worldcat/ontology/hasWork
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|a IMF working paper ;
|v WP/12/283.
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856 |
4 |
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|u https://ebookcentral.uam.elogim.com/lib/uam-ebooks/detail.action?docID=1607087
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