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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: Charles F. Kramer
Publisher:
ISBN:
Category :
Languages : en
Pages : 51
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Book Description
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: 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: National Advisory Council on Aging (Canada)
Publisher:
ISBN:
Category : Old age pensions
Languages : en
Pages : 25
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Book Description
Author: Monica Townson
Publisher:
ISBN:
Category : Pensions
Languages : en
Pages : 0
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Book Description
As well, the when retirement of the baby boomers is at its peak, the president of the Canadian Life and Health Insurance revenue from contributions will be supplemented by Association says: "We believe that meaningful earnings on the CPP investment fund and used to pay change can be achieved most effectively by using the the benefits. [...] The CPP Investment Board operates at arm's length from the government and, However, according to the recent report of the Steering unlike EI funds, CPP investment funds do not form part Committee of Provincial/Territorial Ministers on of the government accounts. [...] In an analysis of the Reports from the current Chief Actuary indicate the fair value of a public defined-benefit pension plan, CPP will be sustainable in the long-term and able to economists from the CPP Investment Board and the withstand economic and demographic ups and downs University of Toronto concluded that "partly-funded for at least the next 75 years - the projection period defined benefit [...] Changes to the predictable stream of retirement income." In his plan must receive the approval of two-thirds of presentation, Denison cited a 2007 study by the the provinces having two-thirds of the population. [...] The CPP contribution rate, shared equally by employers and While increased contribution rates would be phased employees, would be increased - based on the most in over a seven-year period, the additional dollar recent actuarial report, amount of CPP expansion-related pensions would • f rom 9.9% to 19.8% of salary up to the YMPE; accrue gradually over about 40 years to meet the and requirements of.
Author: Canadian Labour Congress
Publisher:
ISBN:
Category : Old age pensions
Languages : en
Pages : 176
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Book Description
Author: National Council of Welfare (Canada)
Publisher:
ISBN:
Category : Old age pensions
Languages : en
Pages : 104
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Book Description
This document outlines proposed improvements in federal income security benefits for people who have already retired, and proposes expansion of the Canada and Quebec Pension Plans. It also deals with occupational pension plans and registered retirement savings plan. Finally it reveals the b̀ottom lines' of pension reform.
Author: Canada. Task Force on Retirement Income Policy
Publisher: Task Force on Retirement Income Policy ; Hull, Quebec : available by mail from Canadian Government Pub. Centre
ISBN:
Category : Old age pensions
Languages : en
Pages : 400
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Book Description
Author: Mitch Frazer
Publisher:
ISBN: 9780888046123
Category : Old age pensions
Languages : en
Pages : 214
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Book Description
