A Tradeoff between the Output and Current Account Effects of Pension Reform /

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 reti...

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Autor principal: Catalan, Mario
Altres autors: Magud, Nicolas
Format: Revista
Idioma:English
Publicat: Washington, D.C. : International Monetary Fund, 2012.
Col·lecció:IMF Working Papers; Working Paper ; No. 2012/283
Accés en línia:Full text available on IMF