For China, Baldacci and others (2010) find that a 1 percent increase in public spending on pensions would raise consumption by 11/2 percent. Cross-country econometric estimates in that study also imply that, for emerging Asian economies ...
For example, for those ages 60–64, Duval (2003) findsfi a strong negative relationship between the “implicit tax” on earnings—defined fi as the reduction in public pension wealth from working an additional year—and the percentage change ...
This paper reviews past trends in public pension spending and provides projections for 27 advanced and 25 emerging economies over 2011–2050.
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.
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.