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Author: Robert Holzmann Publisher: ISBN: Category : Pensions Languages : en Pages : 80
Book Description
Explains the costs and benefits of moving from an unfunded "pay-as- you-go" pension system with defined benefits to a partially or fully funded system with defined contributions. Concludes with an analysis of the Chilean experience in making the transition to a funded system.
Author: Robert Holzmann Publisher: ISBN: Category : Pensions Languages : en Pages : 80
Book Description
Explains the costs and benefits of moving from an unfunded "pay-as- you-go" pension system with defined benefits to a partially or fully funded system with defined contributions. Concludes with an analysis of the Chilean experience in making the transition to a funded system.
Author: E. P. Davis Publisher: World Bank Publications ISBN: Category : Canada Languages : en Pages : 85
Book Description
Company pension funds can make important contributions to retirement income and to capital market development. But they need to be regulated and supervised to avoid fraud; protect the interests of workers, and minimize restrictions on labor mobility.
Author: OECD Publisher: OECD Publishing ISBN: 9264105816 Category : Languages : en Pages : 328
Book Description
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: Robert Holzmann Publisher: World Bank Publications ISBN: 0821394797 Category : Business & Economics Languages : en Pages : 535
Book Description
Nonfinancial Defined Contribution (NDC) schemes are now in their teens. The new pension concept was born in the early 1990s, implemented from the mid-1990s in Italy, Latvia, Poland and Sweden, legislated most recently in Norway and Egypt and serves as inspiration for other reform countries. This innovative unfunded individual account scheme created high hopes at a time when the world seemed to have been locked into a stalemate between piecemeal reforms of ailing traditional defined benefit schemes and introducing pre-funded financial account schemes. The experiences and conceptual issues of NDC in its childhood were reviewed in a prior anthology (Holzmann and Palmer, 2006). This new anthology published in 2 volumes serves to review its adolescence and with the aim of contributing to a successful adulthood. Volume 1 on Progress, Lessons, Implementation includes a detailed analysis of the experience and the key policy lessons in the old and new pilot countries and the implementation of NDCs elements in other reform countries. This volume 2 on Gender, Politics, Financial Stability includes deeper and new analyses of these issues that found little or no attention in the 2006 publication. The gender perspective includes 5 chapters with, perhaps, the most complete discussion on gender and pension issues available to date. The financial stability perspective addresses in 6 chapters critical micro- and macroeconomic aspects such as the balancing mechanism, the use of a reserve fund, the handling of legacy costs, and technicalities related to the management of the longevity risk when designing annuities. While the 2 volumes address many issues it also opens a number of new questions for which good answers are not yet readily available.
Author: Mr.Robert Holzmann Publisher: International Monetary Fund ISBN: 1451950756 Category : Business & Economics Languages : en Pages : 52
Book Description
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: Lajos Bokros Publisher: World Bank Publications ISBN: 9780821342527 Category : Business & Economics Languages : en Pages : 600
Book Description
Public finance reform is simultaneously a process of fiscal adjustment and structural reforms in the public sector. Under socialist rule, Hungary's concept of public finance was nebulous, since there was no clear delineation between private and public sectors. As a transition country, structural reforms were aimed at creating not only sustainable institutional arrangements but were aimed at creating a government sector adapted to a market economy as well. The former socialist states were forced into abrupt transitions; and there was little time for minds and institutions to adapt. This volume aims to provide a comprehensive description of Hungary's experience of public finance reform in a former socialist economy, including: a history of the reform process; an empirical analysis of trends in public spending and revenues; evidence of Hungary's ability to move towards accession to the European Union (EU); a description of policy reforms in the public welfare system; an analysis of the reforms in key aspects of the institutional framework; and an examination of the tax system.
Author: Robert Holzmann Publisher: World Bank Publications ISBN: 082136040X Category : Business & Economics Languages : en Pages : 246
Book Description
The past decade has brought an increasing recognition to the importance of pension systems to the economic stability of nations and the security of their aging populations. This report attempts to explain current policy thinking and update the World Bank's perspective on pension reform. This book incorporates lessons learned from recent Bank experiences and research that have significantly increased knowledge and insight regarding how best to proceed in the future. The book has a comprehensive introduction and two main parts. Part I presents the conceptual underpinnings for the Bank's thinking on pension systems and reforms, including structure of Bank lending in this area. Part II highlights key design and implementation issues where it signals areas of confidence and areas for further research and experience, and includes a section on regional reform experiences, including Latin American and Europe and Central Asia.
Author: Robert Holzmann
Author: Robert Holzmann
Author: Robert Holzmann
Author: E. P. Davis
Author: 
Author: OECD
Author: Robert Holzmann
Author: Jorge Bravo
Author: Mr.Robert Holzmann
Author: Lajos Bokros
Author: Robert Holzmann