Author : V. V. Subramanian
Publisher :
Page : 24 pages
File Size : 14,87 MB
Release : 2004
Category : Economic assistance
ISBN :
Author : Asian Development Bank
Publisher :
Page : 10 pages
File Size : 47,58 MB
Release : 2000
Category :
ISBN :
Author : Samuel Pienknagura
Publisher : International Monetary Fund
Page : 52 pages
File Size : 11,30 MB
Release : 2021-09-10
Category : Business & Economics
ISBN : 151359611X
Chile’s pension system came under close scrutiny in recent years. This paper takes stock of the adequacy of the system and highlights its challenges. Chile’s defined contribution system was quite influential when introduced, and was taken as an example by other countries. However, it is now delivering low replacement rates relative to OECD peers, as its parameters did not adapt over time to changing demographics and global returns, while informality persists in the labor market. In the absence of reforms, the system’s inability to deliver adequate outcomes for a large share of participants will continue to magnify, as demographic trends and low global interest rates will continue to reduce replacement rates. In addition, recent legislation allowing for pension savings withdrawals to counter the effects from the COVID-19 pandemic, is projected to further reduce replacement rates and increase fiscal costs. A substantial improvement in replacement rates is feasible, via a reform that raises contribution rates and the retirement age, coupled with policies that increases workers’ contribution density.
Author :
Publisher :
Page : 22 pages
File Size : 27,17 MB
Release : 2007
Category : Economic assistance
ISBN :
Author : Robert Holzmann
Publisher : World Bank Publications
Page : 246 pages
File Size : 46,38 MB
Release : 2005-01-01
Category : Business & Economics
ISBN : 082136040X
The past decade has brought an increasing recognition to the importance of pension systems to the economic stability of nations and the security of their aging populations. This report attempts to explain current policy thinking and update the World Bank's perspective on pension reform. This book incorporates lessons learned from recent Bank experiences and research that have significantly increased knowledge and insight regarding how best to proceed in the future. The book has a comprehensive introduction and two main parts. Part I presents the conceptual underpinnings for the Bank's thinking on pension systems and reforms, including structure of Bank lending in this area. Part II highlights key design and implementation issues where it signals areas of confidence and areas for further research and experience, and includes a section on regional reform experiences, including Latin American and Europe and Central Asia.
Author : Mr.Benedict J. Clements
Publisher : International Monetary Fund
Page : 86 pages
File Size : 14,8 MB
Release : 2013-01-25
Category : Business & Economics
ISBN : 147556631X
Pension reform is high on the policy agenda of many advanced and emerging market economies. In advanced economies the challenge is generally to contain future increases in public pension spending as the population ages. In emerging market economies, the challenges are often different. Where pension coverage is extensive, the issues are similar to those in advanced economies. Where pension coverage is low, the key challenge will be to expand coverage in a fiscally sustainable manner. This volume examines the outlook for public pension spending over the coming decades and the options for reform in 52 advanced and emerging market economies.
Author : Emily S. Andrews
Publisher : World Bank Publications
Page : 198 pages
File Size : 46,27 MB
Release : 2006
Category : Business & Economics
ISBN : 0821365525
"Formal pension systems are an important means of reducing poverty among the aged. In recent years, however, pension reform has become a pressing matter, as demographic aging, poor administration, early retirement, and unaffordable benefits have strained pension balances and overall public finances. Pension systems have become a source of macroeconomic instability, a constraint to economic growth, and an ineffective and/or inequitable provider of retirement income."
Author :
Publisher : World Bank Publications
Page : 164 pages
File Size : 48,83 MB
Release : 1998
Category : Political Science
ISBN : 9780195211238
Assessing Aid determines that the effectiveness of aid is not decided by the amount received but rather the institutional and policy environment into which it is accepted. It examines how development assistance can be more effective at reducing global poverty and gives five mainrecommendations for making aid more effective: targeting financial aid to poor countries with good policies and strong economic management; providing policy-based aid to demonstrated reformers; using simpler instruments to transfer resources to countries with sound management; focusing projects oncreating and transmitting knowledge and capacity; and rethinking the internal incentives of aid agencies.
Author : Yugo Koshima
Publisher : International Monetary Fund
Page : 41 pages
File Size : 22,70 MB
Release : 2019-10-04
Category : Business & Economics
ISBN : 1513514520
This paper compiles and reviews the evolution of Japan’s Public Sector Balance Sheet (PSBS). In the past, large crossholdings of assets and liabilities within the public sector played a role in sustaining a high level of public debt and low interest rates. The Fiscal Investment and Loan Fund (FILF) channeled all postal deposits and pension savings to financing of public sector borrowing. After the FILF refrom in 2000, however, the Post Bank and pension funds shifted their assets to the portfolio investments and are seeking to maximize risk-adjusted returns. This has changed the implications of crossholdings for public debt management. In the future, population aging is expected to add more pressures on the PSBS, which already saw a considerable decrease of net worth over the last three decades.
Author : OECD
Publisher : OECD Publishing
Page : 224 pages
File Size : 50,24 MB
Release : 2019-11-27
Category :
ISBN : 9264876103
The 2019 edition of Pensions at a Glance highlights the pension reforms undertaken by OECD countries over the last two years. Moreover, two special chapters focus on non-standard work and pensions in OECD countries, take stock of different approaches to organising pensions for non-standard workers in the OECD, discuss why non-standard work raises pension issues and suggest how pension settings could be improved.
