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_aCatalán, Mario, _d1972- _9662981 |
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| 245 | 1 | 2 |
_aA tradeoff between the output and current account effects of pension reform _h[electronic resource] / _cprepared by Mario Catálan and Nicolas E. Magud. |
| 260 |
_a[Washington, D.C.] : _bInternational Monetary Fund, _c©2012. |
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| 300 | _a1 online resource (24 pages). | ||
| 336 |
_atext _btxt _2rdacontent |
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_acomputer _bc _2rdamedia |
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_aonline resource _bcr _2rdacarrier |
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| 380 | _aBibliography | ||
| 490 | 1 |
_aIMF working paper ; _vWP/12/283 |
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| 500 | _aTitle from PDF title page (IMF Web site, viewed Dec. 6, 2012). | ||
| 520 | _aWe 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. | ||
| 500 | _a"Institute for Capacity Development." | ||
| 500 | _a"December 2012." | ||
| 504 | _aIncludes bibliographical references. | ||
| 650 | 0 |
_aIndustrial productivity _xEconometric models. _9469198 |
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| 650 | 0 |
_aBalance of payments _xEconometric models. _9662982 |
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| 650 | 0 |
_aPensions _xEconometric models. _9642123 |
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| 650 | 7 |
_aBalance of payments _xEconometric models. _2fast _0(OCoLC)fst00825676 _9662982 |
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| 650 | 7 |
_aIndustrial productivity _xEconometric models. _2fast _0(OCoLC)fst00971508 _9469198 |
|
| 650 | 7 |
_aPensions _xEconometric models. _2fast _0(OCoLC)fst01057097 _9642123 |
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| 650 | 4 |
_aElectronic books. _94275 |
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| 650 | 7 |
_aBUSINESS & ECONOMICS / Industries / General _2bisacsh |
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| 655 | 4 |
_aElectronic books. _9396 |
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| 700 | 1 |
_aMagud, Nicolas. _9662983 |
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| 710 | 2 |
_aInternational Monetary Fund. _bInstitute for Capacity Development. _9640815 |
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_aIMF working paper ; _vWP/12/283. |
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