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Long-Run Biological Interest Rate for Pay-As-You-Go Pensions in Advanced and Developing Countries /
How much of an internal rate of return would a sustainable pay-as-you-go pension system offer current and future generations equally? The answer is the sum of the Long-Run Biological Interest Rates (LBIR), the real-world equivalent of Samuelson's (1958) biological interest rate, and future prod...
| Clasificación: | Libro Electrónico |
|---|---|
| Autor principal: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
[Washington, D.C.] :
International Monetary Fund,
[2017]
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| Colección: | IMF working paper ;
WP/17/98. |
| Temas: | |
| Acceso en línea: | Texto completo |
Tabla de Contenidos:
- Cover; Content; Abstract; I. Introduction; II. Setup; III. Estimating LBIR in Advanced and Developing Countries; IV. LBIR and Tradeoff Between Pension Contributions and Benefits; V. Implications of Demographic Uncertainties; VI. Concluding Remarks and Policy Implications; References; Tables; 1. Definition of Generation Groups; 2. LBIR Estimates and Demographic Indicators; 3. Replacement-Contribution Ratio and Required Contribution Rate by Assumption on Retirement Age; 4. Impact of Fertility Rate Assumptions on LBIR and Tradeoff Between Contribution and Replacement Rates; Figures.
- 1. Population Structure by Generation Group and Age2. LBIR, Old-Age Dependency Ratio, and Working-Age Population Growth; 3. LBIR Plus Productivity Growth by Region; 4. Sensitivity of LBIR to Retirement Age and the Interest Rate; 5. Ratio of Replacement Rate to Contribution Rate; 6. Tradeoff Between Replacement Rate and Contribution Rate by Country Group; 7. Fertility Rate Paths Under High- and Low-Fertility Variants; 8. Estimates of LBIR Under High- and Low-Fertility Scenarios; Appendixes; I. Composition of Country Groups by Income and Region.