Self-Insurance Against Natural Disasters : The Use of Pension Funds in Pacific Island Countries.

Pacific island countries are exposed to significant risks from natural disasters. As a disaster relief measure, Fiji allowed pre-retirement pension withdrawls in the wake of Cyclone Winston in 2016. Motivated by this policy action, we provide a normative analysis of the use of early pension withdraw...

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Bibliographic Details
Call Number:Libro Electrónico
Main Author: Guo, Si
Other Authors: Narita, Futoshi
Format: Electronic eBook
Language:Inglés
Published: Washington, D.C. : International Monetary Fund, 2018.
Series:IMF Working Papers; Working Paper ; no. 18/155.
Subjects:
Disaster relief > Oceania > Finance.
Pensions.
Consumption.
Social Security And Public Pensions.
Fiji.
Online Access:Texto completo
Table of Contents:
  • Cover; Contents; I. Introduction; II. Pension Schemes in Fiji and other small states; A. Fiji's Pension Scheme; B. Cyclone Winston Assistance Withdrawals; C. Pension Funds in Other Pacific Island Countries; III. Pension Withdrawals Assistance under Natural Disaster Shocks; A. Basic Pension-Saving Model; B. Analysis on Pension Withdrawals Assistance; C. Caveats on the Model Analysis; IV. Conclusions; Tables; 1. Key Indicators in the FNPF; 2. The FNPF's Qualified Life Events for Early Pension Withdrawal; 3. Pension Funds in Selected PICs; Figures; 1. Household saving decisions in the model.
  • 2. Household saving decisions in the modelAppendices; I. Full Model Description; Appendix Tables; A1. Parameter values used in the stimulation.

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