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

WP/12/283

Nopic
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... READ MORE...

Publication date: December 2012
ISBN 9781475563948
$18.00

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Publication date: December 2012

English