Pension Developments And Reforms In Transition Economies

Author : Mr.M. Cangiano,Mr.Carlo Cottarelli,Mr.Luis M. Cubeddu
Publisher : International Monetary Fund
Page : 48 pages
File Size : 52,8 Mb
Release : 1998-10-01
Category : Business & Economics
ISBN : 9781451922912

Get Book

Pension Developments and Reforms in Transition Economies by Mr.M. Cangiano,Mr.Carlo Cottarelli,Mr.Luis M. Cubeddu Pdf

This paper reviews developments in pension systems in 11 transition economies during the 1990s, highlighting the forces behind their rapid weakening. It focuses on the challenges these systems face—including those arising from demographic factors—and discusses why most transition countries are considering shifting, or have already shifted, from traditional defined-benefit pay-as-you-go systems to defined-contribution fully funded systems. Finally, the paper looks at the main options that arise in introducing fully funded components, including the relative mix between funding and pay-as-you-go, and the speed of the transition toward the new system.

Author : Marco Cangiano
Publisher : Unknown
Page : 47 pages
File Size : 42,6 Mb
Release : 2008
Category : Electronic
ISBN : OCLC:1291160190

Get Book

Pension Developments and Reforms in Transition Economies by Marco Cangiano Pdf

This paper reviews developments in pension systems in 11 transition economies during the 1990s, highlighting the forces behind their rapid weakening. It focuses on the challenges these systems face including those arising from demographic factors and discusses why most transition countries are considering shifting, or have already shifted, from traditional defined-benefit pay-as-you-go systems to defined-contribution fully funded systems. Finally, the paper looks at the main options that arise in introducing fully funded components, including the relative mix between funding and pay-as-you-go, and the speed of the transition toward the new system.

Author : OECD
Publisher : OECD Publishing
Page : 344 pages
File Size : 46,8 Mb
Release : 2004-01-07
Category : Electronic
ISBN : 9789264105812

Get Book

Reforming Public Pensions Sharing the Experiences of Transition and OECD Countries by OECD Pdf

This conference proceedings compares public pension reform efforts in Central and Eastern Europe with those in other OECD countries, looking at the reasons for reform, policy choices and constraints, the well-being of older people, distributional consequences of reform, and implementation.

Author : David C. Lindeman,Michal Rutkowski,Oleksiy Sluchynskyy
Publisher : World Bank Publications
Page : 68 pages
File Size : 55,8 Mb
Release : 2000-01-01
Category : Business & Economics
ISBN : 0821348078

Get Book

The Evolution of Pension Systems in Eastern Europe and Central Asia by David C. Lindeman,Michal Rutkowski,Oleksiy Sluchynskyy Pdf

Since the early 1990s the transition economy countries of Eastern Europe and Central Asia have had to adapt their pension systems in minor and often very major ways. Some of the changes relate to shrinking contribution bases and the inability of government's to finance prior commitments, while still having to protect the pensioned populations from poverty. Other changes, however, reflect the need to make pension systems more sustainable in light of forthcoming demographic changes. The reforms entail a move away from a single-pillar pay-as-you-go defined benefit systems toward multi-pillar systems that include a funded defined contribution component, and change that convert remaining pay-as-you-go components into ones that are more self sustaining and transparent. The paper describes ongoing developments, assesses the effects of current and forthcoming challenges in light of potential labor market changes, and examines choices for a new pensions system with respect to the organization, administration, guarantees, transition arrangements, participation requirements, role of the government, annuitization, and other factors. The paper concludes that though a 'one-size-fits-all' approach is clearly not appropriate, some practices emerging from the experiences in this region and elsewhere may offer useful guidance to others as they undertake deeper pension reforms.

Author : M. Louise Fox
Publisher : World Bank Publications
Page : 49 pages
File Size : 52,6 Mb
Release : 1994
Category : Economic conversion
ISBN : 8210379456XXX

Get Book

Old-Age Security in Transitional Economies by M. Louise Fox Pdf

Pension reform has proved even more contentious an issue than privatization during the former communist countries' transition to a market- based economy.

Author : K. Hujo
Publisher : Springer
Page : 211 pages
File Size : 42,7 Mb
Release : 2014-08-22
Category : Business & Economics
ISBN : 9781137396112

Get Book

Reforming Pensions in Developing and Transition Countries by K. Hujo Pdf

This book moves beyond technical studies of pension systems by addressing the political economy of pension reform in different contexts. It provides insights into key issues related to pension policy and its developmental implications, drawing on selected country studies in Africa, Asia, Eastern Europe, the Middle East, and Latin America.

Author : Mr.Benedict J. Clements,Mr.David Coady,Frank Eich,Mr.Sanjeev Gupta,Mr.Alvar Kangur,Baoping Shang,Mauricio Soto
Publisher : International Monetary Fund
Page : 86 pages
File Size : 40,7 Mb
Release : 2013-01-25
Category : Business & Economics
ISBN : 9781475566314

Get Book

The Challenge of Public Pension Reform in Advanced and Emerging Economies by Mr.Benedict J. Clements,Mr.David Coady,Frank Eich,Mr.Sanjeev Gupta,Mr.Alvar Kangur,Baoping Shang,Mauricio Soto Pdf

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 : Mr.Robert Holzmann
Publisher : International Monetary Fund
Page : 52 pages
File Size : 54,5 Mb
Release : 1996-08-01
Category : Business & Economics
ISBN : 9781451950755

Get Book

Pension Reform, Financial Market Development, and Economic Growth by Mr.Robert Holzmann Pdf

The Chilean pension reform of 1981, in which Chile moved from an unfunded to a funded scheme, is considered to have contributed to this country’s excellent economic performance since the mid-1980s. The paper highlights the theoretical underpinnings of the claimed economic effects and presents empirical data and preliminary econometric testing of the conjectured growth, capital formation, and saving effects. The empirical evidence is consistent with most of the claims. In particular, the direct impact of financial market development on private saving is found to be negative, which underscores the importance of sound fiscal policy and public saving to support the transition.

Author : Peter S. Heller,Christian Keller
Publisher : Unknown
Page : 32 pages
File Size : 55,6 Mb
Release : 2001
Category : Developing countries
ISBN : UCSD:31822029519287

Get Book

Social Sector Reform in Transition Countries by Peter S. Heller,Christian Keller Pdf

Author : Emily S. Andrews
Publisher : World Bank Publications
Page : 198 pages
File Size : 50,7 Mb
Release : 2006
Category : Business & Economics
ISBN : 9780821365526

Get Book

Pension Reform and the Development of Pension Systems by Emily S. Andrews Pdf

"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 : Robert Holzmann,Ufuk Guven
Publisher : World Bank Publications
Page : 307 pages
File Size : 41,6 Mb
Release : 2009
Category : Business & Economics
ISBN : 0821377817

Get Book

Adequacy of Retirement Income After Pension Reforms in Central, Eastern, and Southern Europe by Robert Holzmann,Ufuk Guven Pdf

Pension reforms in former transition economies aimed to fiscal sustainability and market economy objectives. Estimating the gross and net replacement rates in 9 countries for steady conditions until 2040 show that they are adequate for most categories of workers, with the exception of those with intermittent or no formal sector employment.

Author : Tompson William
Publisher : OECD Publishing
Page : 501 pages
File Size : 54,9 Mb
Release : 2009-08-24
Category : Electronic
ISBN : 9789264073111

Get Book

The Political Economy of Reform Lessons from Pensions, Product Markets and Labour Markets in Ten OECD Countries by Tompson William Pdf

By looking at 20 reform efforts in ten OECD countries, this report examines why some reforms are implemented and other languish.

Author : Mr.Niko Hobdari,Mr.Jerald Alan Schiff,Mr.Axel Schimmelpfennig,Mr.Roman Zytek
Publisher : INTERNATIONAL MONETARY FUND
Page : 0 pages
File Size : 44,8 Mb
Release : 2001-01-03
Category : Business & Economics
ISBN : 1557759685

Get Book

Pension Reform in the Baltics by Mr.Niko Hobdari,Mr.Jerald Alan Schiff,Mr.Axel Schimmelpfennig,Mr.Roman Zytek Pdf

This paper provides an overview of efforts in the Baltic countries to reform their pension systems, and examines the choices facing these countries in their continued reform efforts. Early reforms were aimed at correcting the flaws of the inherited Soviet system and, in particular, at shoring up the finances of the pension systems and reducing their distortionary impact. The Baltic countries have been in the forefront of transition economies in their pursuit of pension reform. They have taken important steps to shore up the long-run financial health of their existing pension funds and made preparations for the implementation of a three-pillar scheme. Although a move toward a fully funded pension system can potentially make an important contribution to the objectives of pension reform, such a change is neither necessary nor sufficient to meet these goals. The existing PAYG pension system can, at least in theory, be made sustainable by an appropriate adjustment of payroll tax rates and expected lifetime pension benefits, although the average replacement rate implied by such changes may well be fairly low, reflecting the expected demographic developments.

Author : Robert Holzmann,Edward E. Palmer
Publisher : World Bank Publications
Page : 692 pages
File Size : 53,9 Mb
Release : 2006
Category : Business & Economics
ISBN : 9780821361665

Get Book

Pension Reform by Robert Holzmann,Edward E. Palmer Pdf

This book presents 25 state of the art papers on the conceptual foundations and issues surrounding Non-financial, or Notional, Defined Contribution (NDC), country implementation of NDC (Italy, Latvia, Poland, and Sweden) and case studies for countries where NDC is figured in the reform debate. This book is intended to be a handbook for academics and policy makers who want to become informed about what NDC is and to learn about the pros and cons of this attractive reform proposal.

Author : Organisation for Economic Co-operation and Development
Publisher : OECD Publishing
Page : 272 pages
File Size : 41,5 Mb
Release : 2004
Category : Business & Economics
ISBN : STANFORD:36105121793074

Get Book

Pension Reform in the Baltic Countries by Organisation for Economic Co-operation and Development Pdf

For the Baltic countries, pension systems and insurance market developments are an ongoing process. The OECD has been monitoring and analysing these changes in the framework of the Baltic Regional Programme that is administered by the Centre for Co-operation with Non-Members (CCNM). Along with a publication on insurance (see Policy Issues in Insurance no.7 - Insurance in the Baltic Countries), the aim of the OECD project is providing Baltic policy makers and market players with an accurate analysis on their insurance and pension markets, and to assist in their drafting improved regulatory and supervisory frameworks to deal with these matters. The publication contains individual country reports, comparative analysis from a particular regional perspective, and therefore examines the key policy issues in the private pensions and insurance sectors.