Macroeconomic Effects of Public Pension Reforms

Macroeconomic Effects of Public Pension Reforms
The paper explores the macroeconomic effects of three public pension reforms, namely an increase in retirement age, a reduction in benefits and an increase in contribution rates. Using a five-region version of the IMF's Global Integrated Monetary and Fiscal model (GIMF), we find that public pension reforms can have a positive effect on growth in... READ MORE...

Publication date: December 2010
ISBN 9781455211784
$18.00

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