TY  - BOOK
AU  - Catalán,Mario
AU  - Magud,Nicolas
ED  - International Monetary Fund.
TI  - A tradeoff between the output and current account effects of pension reform
T2  - IMF working paper
SN  - 9781616358570
AV  - HG3881.5.I58 W67 No. 12/283eb
U1  - 338/.06 23
PY  - 2012///
CY  - [Washington, D.C.]
PB  - International Monetary Fund
KW  - Industrial productivity
KW  - Econometric models
KW  - Balance of payments
KW  - Pensions
KW  - fast
KW  - Electronic books
KW  - BUSINESS & ECONOMICS / Industries / General
KW  - bisacsh
N1  - Title from PDF title page (IMF Web site, viewed Dec. 6, 2012); "Institute for Capacity Development."; "December 2012."; Includes bibliographical references
N2  - 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
UR  - https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&db=nlabk&AN=536800
ER  -