Macroeconomic Effects of Public Pension Reforms

The paper explores the macroeconomic effects of three public pension reforms, namely an increase in retirement age, a reduction in benefits and an increase in contribution rates. Using a five-region version of the IMF's Global Integrated Monetary and Fiscal model (GIMF), we find that public pen...

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Bibliographic Details
Main Author:	Pereira, Joana
Other Authors:	Karam, Philippe D, Karam, Philippe, Muir, Dirk, Tuladhar, Anita
Format:	Book
Language:	English
Published:	Washington : International Monetary Fund, 2010 Washington, D.C. : 2010
Series:	IMF Working Papers ; Working Paper No. 10/297 IMF Working Papers IMF Working Papers; Working Paper ; No. 2010/297 IMF eLibrary
Subjects:	Pensions > Econometric models Pensions Aggregate demand Aging Benefit payments Budget balances Budget constraint Budget deficit Budget deficits Budgetary impact Contribution rate Contribution rates Debt service Dependency ratio Dependency ratios Developed countries Early retirement Emerging markets Expenditure ratios Fiscal adjustment Fiscal affairs department Fiscal affairs Fiscal authority Fiscal balances Fiscal consolidation efforts Fiscal consolidation Fiscal deficits Fiscal impact Fiscal issues Fiscal measure Fiscal model Fiscal models Fiscal multipliers Fiscal policies Fiscal policy rule Fiscal policy Fiscal reform Fiscal reforms Fiscal rule Fiscal saving Fiscal shocks Fiscal stability Fiscal stimulus Fiscal structure Fiscal sustainability Fiscal tightening Fiscal variables Future income Future pensions Government budget constraint Government budget Government deficit Government expenditures Government spending High spending Increase in consumption Increase in tax revenues Labor force Labor income Life expectancy Lower pension Open Economy Macroeconomics Pay-as-you-go systems Payroll tax Pension age Pension benefit Pension benefits Pension entitlements Pension expenditures Pension payments Pension policy Pension reform Pension reforms Pension regime Pension spending Pension system reforms Pension system Pension systems Pension transfers Pension Pensionable age Pensionable earnings Pensioner Pensioners Private saving Private savings Public debt Public finance Public finances Public pension expenditures Public pension reform Public pension reforms Public pension system Public pension systems Public pension Public pensions Public spending Replacement rate Replacement rates Retirement age Retirement ages Retirement benefits Retirement period Retirement saving Retirement Social Security and Public Pensions Spending cuts Tax bases Tax cuts Tax income Tax increases Tax payments Tax rate Tax rates Tax reform Tax revenue Tax revenues Taxes on labor Transfer payments Value of pension Pensions > Modèles économétriques Banks and Banking Consumption Debt Management Debt Debts, Public Economics Expenditure Finance Financial services Interest Rates: Determination, Term Structure, and Effects Interest rates Labor Macroeconomics Macroeconomics: Consumption Nonwage Labor Costs and Benefits Private Pensions Public Finance Public finance & taxation Real interest rates Saving Sovereign Debt Wealth pensions (compensation) Asia United States Electronic books
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Macroeconomic Effects of Public Pension Reforms

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