Jump to ContentJump to Main Navigation

You are looking at 1-17 of 17 items

  • Keywords: pay-as-you-go systems x
Clear All Modify Search

View:

Lessons from Pension Reform in the Americas

Stephen J. Kay and Tapen Sinha (eds)

Published in print:
2007
Published Online:
January 2008
ISBN:
9780199226801
eISBN:
9780191710285
Item type:
book
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199226801.001.0001
Subject:
Business and Management, Pensions and Pension Management

Latin American experiments with pension reform began when Chile converted its public pay-as-you-go system to a system of private individual accounts in the early 1980s. Several other Latin American ... More


Overview: Lessons from Pension Reform in the Americas *

Stephen J. Kay and Tapen Sinha

in Lessons from Pension Reform in the Americas

Published in print:
2007
Published Online:
January 2008
ISBN:
9780199226801
eISBN:
9780191710285
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199226801.003.0002
Subject:
Business and Management, Pensions and Pension Management

This chapter begins with a brief discussion of the introduction of a state-sponsored pay-as-you-go (PAYGO) pension system in Germany over a century ago, and pension reform in Latin American ... More


The Pension System in Argentina

Rafael Rofman

in Lessons from Pension Reform in the Americas

Published in print:
2007
Published Online:
January 2008
ISBN:
9780199226801
eISBN:
9780191710285
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199226801.003.0016
Subject:
Business and Management, Pensions and Pension Management

This chapter discusses pension reform in Argentina. Argentina instituted a major pension reform in 1994 following an extremely serious macroeconomic crisis. Partly inspired by Chile's experience, it ... More


Introduction

John Y. Campbell and Martin Feldstein

in Risk Aspects of Investment-Based Social Security Reform

Published in print:
2000
Published Online:
February 2013
ISBN:
9780226092553
eISBN:
9780226092560
Item type:
chapter
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226092560.003.0001
Subject:
Economics and Finance, Economic Systems

The increasing life expectancy in the United States and in other industrial countries is creating a major problem for traditional unfunded social security pension programs. In such pay-as-you-go ... More


Introduction: Pension Systems in Europe and the United States: The Demographic Challenge

Robert Fenge, Georges de Ménil, and Pierre Pestieau

in Pension Strategies in Europe and the United States

Published in print:
2008
Published Online:
August 2013
ISBN:
9780262062725
eISBN:
9780262272575
Item type:
chapter
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262062725.003.0001
Subject:
Economics and Finance, Econometrics

This introductory chapter begins by discussing the pension crisis in Europe and the United States. It then describes the three parts of the book. The first part focuses on the reform of key ... More


Aging, Funded Pensions, and the Dutch Economy

A. Lans Bovenberg and Thijs Knaap

in Pension Strategies in Europe and the United States

Published in print:
2008
Published Online:
August 2013
ISBN:
9780262062725
eISBN:
9780262272575
Item type:
chapter
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262062725.003.0009
Subject:
Economics and Finance, Econometrics

This chapter presents a discussion that seeks to identify through which different channels aging and pensions affect the Dutch economy, how these effects propagate, what the feedback effects are, and ... More


Overlapping Generations

Jean-Pascal Bénassy

in Macroeconomic Theory

Published in print:
2011
Published Online:
April 2015
ISBN:
9780195387711
eISBN:
9780190261405
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:osobl/9780195387711.003.0008
Subject:
Economics and Finance, Macro- and Monetary Economics

This chapter presents a discrete time model, the overlapping generations (OLG) model. It starts by presenting the most classic OLG model, wherein each family lives over two periods and overlaps only ... More


Different Approaches to Pension Reform from an Economic Point of View

Jonathan Gruber and David A. Wise

in Social Security Pension Reform in Europe

Published in print:
2002
Published Online:
February 2013
ISBN:
9780226241081
eISBN:
9780226241913
Item type:
chapter
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226241913.003.0004
Subject:
Economics and Finance, Public and Welfare

Most social security systems around the world are operated on a pay-as-you-go (PAYGO) basis. Taxes collected from working people today are routed directly to pay the benefits of current retirees. Now ... More


The Transition to Investment-Based Social Security When Portfolio Returns and Capital Profitability Are Uncertain

Martin Feldstein, Elena Ranguelova, and Andrew Samwick

in Risk Aspects of Investment-Based Social Security Reform

Published in print:
2000
Published Online:
February 2013
ISBN:
9780226092553
eISBN:
9780226092560
Item type:
chapter
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226092560.003.0003
Subject:
Economics and Finance, Economic Systems

This chapter explores the transition from a pay-as-you-go system of social security pensions to an investment-based system in an economy in which portfolio returns and capital profitability are both ... More


Social Security and Demographic Uncertainty: The Risk-Sharing Properties of Alternative Policies

Henning Bohn

in Risk Aspects of Investment-Based Social Security Reform

Published in print:
2000
Published Online:
February 2013
ISBN:
9780226092553
eISBN:
9780226092560
Item type:
chapter
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226092560.003.0007
Subject:
Economics and Finance, Economic Systems

Using the overlapping-generations model, this chapter examines a different type of risk: the demographic risk that a generation will be unexpectedly large or small. In a closed economy, a large ... More


Poland: Security through Diversity

Jerzy Hausner

in Social Security Pension Reform in Europe

Published in print:
2002
Published Online:
February 2013
ISBN:
9780226241081
eISBN:
9780226241913
Item type:
chapter
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226241913.003.0013
Subject:
Economics and Finance, Public and Welfare

This chapter discusses pension reform in Poland. The program for pension system reform was launched at the beginning of 1997, and emphasized that pension reform must combine a first, pay-as-you-go ... More


Pension Reform: Issues in the Netherlands

Jeroen J. M. Kremers

in Social Security Pension Reform in Europe

Published in print:
2002
Published Online:
February 2013
ISBN:
9780226241081
eISBN:
9780226241913
Item type:
chapter
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226241913.003.0011
Subject:
Economics and Finance, Public and Welfare

The pension system of the Netherlands consists of three pillars: (1) a state-financed basic pension at minimum wage level, supplemented by (2) a collective pension financed by employees and employers ... More


Swedish Pension Reform: How Did It Evolve, and What Does It Mean for the Future?

Edward Palmer

in Social Security Pension Reform in Europe

Published in print:
2002
Published Online:
February 2013
ISBN:
9780226241081
eISBN:
9780226241913
Item type:
chapter
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226241913.003.0008
Subject:
Economics and Finance, Public and Welfare

This chapter discusses Swedish pension reform and what it means for individuals and for society at large. The whole reform package in Sweden represents a paradigm shift in thinking about public ... More


Chile

Estelle James, Alejandra Cox Edwards, and Rebeca Wong

in The Gender Impact of Social Security Reform

Published in print:
2008
Published Online:
February 2013
ISBN:
9780226392004
eISBN:
9780226392028
Item type:
chapter
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226392028.003.0005
Subject:
Economics and Finance, Public and Welfare

In 1981, Chile replaced a mature, traditional, government-run, pay-as-you-go defined benefit system with a new multipillar system that included a defined contribution plan along with a public benefit ... More


Mexico

Estelle James, Alejandra Cox Edwards, and Rebeca Wong

in The Gender Impact of Social Security Reform

Published in print:
2008
Published Online:
February 2013
ISBN:
9780226392004
eISBN:
9780226392028
Item type:
chapter
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226392028.003.0007
Subject:
Economics and Finance, Public and Welfare

In 1997, Mexico replaced its old, traditional, pay-as-you-go defined benefit system with a multipillar system that included a funded defined contribution component. This chapter analyzes how women ... More


Introduction: A European Perspective

Horst Siebert

in Social Security Pension Reform in Europe

Published in print:
2002
Published Online:
February 2013
ISBN:
9780226241081
eISBN:
9780226241913
Item type:
chapter
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226241913.003.0002
Subject:
Economics and Finance, Public and Welfare

As the population ages in the major continental countries of Europe, a larger proportion of gross domestic product will have to be spent to finance pay-as-you-go (PAYGO) systems. The problem of the ... More


France: The Difficult Path to Consensual Reforms

Didier Blanchet and Florence Legros

in Social Security Pension Reform in Europe

Published in print:
2002
Published Online:
February 2013
ISBN:
9780226241081
eISBN:
9780226241913
Item type:
chapter
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226241913.003.0006
Subject:
Economics and Finance, Public and Welfare

This chapter discusses the lack of consensus in the reform of the French pension system. At one end of the spectrum are those who are convinced that the pension problem is a real one and argue either ... More


View: