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...

Полное описание

Библиографические подробности
Главный автор: Catalan, Mario
Другие авторы: Magud, Nicolas
Формат: Журнал
Язык:English
Опубликовано: Washington, D.C. : International Monetary Fund, 2012.
Серии:IMF Working Papers; Working Paper ; No. 2012/283
Online-ссылка:Full text available on IMF