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008 121206s2012 dcu ob i000 0 eng d
040 _aDJB
_beng
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_dOCLCQ
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019 _a823104754
_a961504648
_a962593630
_a988431962
_a992039864
020 _a9781616358570
_q(electronic bk.)
020 _a1616358572
_q(electronic bk.)
020 _z9781475563948
020 _z9781475576351
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035 _a536800
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050 4 _aHG3881.5.I58
_bW67 No. 12/283eb
072 7 _aBUS
_x070000
_2bisacsh
082 0 4 _a338/.06
_223
100 1 _aCatalán, Mario,
_d1972-
_9662981
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.
300 _a1 online resource (24 pages).
336 _atext
_btxt
_2rdacontent
337 _acomputer
_bc
_2rdamedia
338 _aonline resource
_bcr
_2rdacarrier
347 _adata file
_2rda
380 _aBibliography
490 1 _aIMF working paper ;
_vWP/12/283
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
650 0 _aBalance of payments
_xEconometric models.
_9662982
650 0 _aPensions
_xEconometric models.
_9642123
650 7 _aBalance of payments
_xEconometric models.
_2fast
_0(OCoLC)fst00825676
_9662982
650 7 _aIndustrial productivity
_xEconometric models.
_2fast
_0(OCoLC)fst00971508
_9469198
650 7 _aPensions
_xEconometric models.
_2fast
_0(OCoLC)fst01057097
_9642123
650 4 _aElectronic books.
_94275
650 7 _aBUSINESS & ECONOMICS / Industries / General
_2bisacsh
655 4 _aElectronic books.
_9396
700 1 _aMagud, Nicolas.
_9662983
710 2 _aInternational Monetary Fund.
_bInstitute for Capacity Development.
_9640815
830 0 _aIMF working paper ;
_vWP/12/283.
856 4 0 _3EBSCOhost
_uhttps://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&db=nlabk&AN=536800
938 _aEBL - Ebook Library
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938 _aebrary
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