Reform of the Canada Pension Plan PDF Download
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Author: Mr.Charles Frederick Kramer
Publisher: International Monetary Fund
ISBN: 1451928327
Category : Business & Economics
Languages : en
Pages : 31
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Book Description
Like other transfer programs, a pay-as-you-go public pension system can significantly affect economic behavior and, hence, relative prices and macroeconomic aggregates. This paper illustrates some of these effects, which are important in weighing options for reforming public pensions, in the context of a stylized model of the Canadian economy. It shows that introducing such a system can reduce aggregate saving, income, and wages and increase interest rates. It also shows that a significant part of the distortion can occur because benefits are not explicitly linked to contributions and that creating a linkage can reduce the distortions associated with the wage tax that funds plan contributions.
Author: Mr.Charles Frederick Kramer
Publisher: International Monetary Fund
ISBN: 1451928327
Category : Business & Economics
Languages : en
Pages : 31
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Book Description
Like other transfer programs, a pay-as-you-go public pension system can significantly affect economic behavior and, hence, relative prices and macroeconomic aggregates. This paper illustrates some of these effects, which are important in weighing options for reforming public pensions, in the context of a stylized model of the Canadian economy. It shows that introducing such a system can reduce aggregate saving, income, and wages and increase interest rates. It also shows that a significant part of the distortion can occur because benefits are not explicitly linked to contributions and that creating a linkage can reduce the distortions associated with the wage tax that funds plan contributions.
Author: Steven James
Publisher:
ISBN:
Category : Pensions
Languages : en
Pages : 47
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Book Description
Author: Canada. Department of Finance. Fiscal Policy and Economic Analysis Br
Publisher:
ISBN:
Category : Old age pensions
Languages : en
Pages : 47
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Book Description
Author: Martin Rein
Publisher: Edward Elgar Publishing
ISBN:
Category : Business & Economics
Languages : en
Pages : 490
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Book Description
The contributions to this volume offer an analysis of the pensions crisis: how it has come about, what it means and what measures can be taken to offset the effects of a massive shortfall between the available resources and public expectations.
Author: Bruce Little
Publisher: University of Toronto Press
ISBN: 0802098746
Category : Political Science
Languages : en
Pages : 417
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Book Description
Bruce Little explains the CPP overhaul and shows why it stands as one of Canada's most significant public policy success stories, in part because it demanded an almost unparalleled degree of federal-provincial co-operation.
Author: Axel Börsch-Supan
Publisher: University of Chicago Press
ISBN: 022667424X
Category : Business & Economics
Languages : en
Pages : 481
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Book Description
This ninth phase of the International Social Security project, which studies the experiences of twelve developed countries, examines the effects of public pension reform on employment at older ages. In the past two decades, men’s labor force participation at older ages has increased, reversing a long-term pattern of decline; participation rates for older women have increased dramatically as well. While better health, more education, and changes in labor-supply behavior of married couples may have affected this trend, these factors alone cannot explain the magnitude of the employment increase or its large variation across countries. The studies in this volume explore how financial incentives to work at older ages have evolved as a result of public pension reforms since 1980 and how these changes have affected retirement behavior. Utilizing a common template to analyze the developments across countries, the findings suggest that social security reforms have strengthened the financial returns to working at older ages and that these enhanced financial incentives have contributed to the rise in late-life employment.
Author: Monica Townson
Publisher:
ISBN:
Category : Pensions
Languages : en
Pages : 8
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Book Description
Author: Mr.Benedict J. Clements
Publisher: International Monetary Fund
ISBN: 147556631X
Category : Business & Economics
Languages : en
Pages : 86
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Book Description
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: Martin Neil Baily
Publisher: Peterson Institute
ISBN: 0881325635
Category : Pensions
Languages : en
Pages : 534
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Book Description
Author: Richard Lee Deaton
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 510
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Book Description
In 2011, the 'Baby Boom' generation will begin to retire. Bythen, the stark reality of the 'greying' of the population inNorth America and Western Europe will have brought the inadequacies ofthe state and private pension systems home to all levels of society,and the pension crisis will be actual rather than impending. In ThePolitical Economy of Pensions, Richard Deaton explores the factorsinvolved in this high-profile issue of public policy and shows theinsufficiency of recent reform initiatives in Canada, the UnitedStates, and Britain. Four converging considerations explain theimminence of the pension crisis.
