A Tradeoff Between the Output and Current Account Effects of Pension Reform
| Author/creator | Catalan, Mario Author |
| Other author | Magud, Nicolas E. Author |
| Format | Electronic |
| Publication Info | Washington : International Monetary Fund |
| Description | 24 p. |
| Supplemental Content | Full text available from Ebook Central - Academic Complete |
| Summary | Annotation 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. |
| Access restriction | Available only to authorized users. |
| Technical details | Mode of access: World Wide Web |
| Genre/form | Electronic books. |
| ISBN | 9781616358570 |
| ISBN | 1616358572 (E-Book) Active Record |
| Stock number | 00013468 |
Availability
| Library | Location | Call Number | Status | Item Actions |
|---|---|---|---|---|
| Electronic Resources | Access Content Online | ✔ Available |