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Changes_in_measurement_of_pensions
Changes_in_measurement_of_pensions

... ▪ “The 2008 SNA recognizes that employment-related pension entitlements are contractual engagements, that are expected or likely to be enforceable. They should be recognized as liabilities towards households, irrespectively of whether the necessary assets exist in segregated schemes or not.” (A3.127 ...
Ken Peasnell - Lancaster University
Ken Peasnell - Lancaster University

Pensions are cheap- It’s tax concessions for superanuation
Pensions are cheap- It’s tax concessions for superanuation

... collections would rise faster than GDP (and be reflected in higher tax to GDP ratios). This mainly reflects the progressivity of the personal income tax system. ...
Document
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... Source: CBO Long-Term Budget Outlook (2005); Budget and Economic Outlook (2007); Heritage Foundation calculations ...
[Presentación en inglés]
[Presentación en inglés]

... In the current crisis many of these mechanisms proved to cause pro-cyclical changes in benefit levels, would thus decrease the benefit levels when economy and labour market is in recess. To prevent above, in some cases, these automatic mechanisms were suspended. These mechanisms have ot be revised. ...
Publication in pptx format
Publication in pptx format

... • Employer helps individuals build pension savings • The new social norm – employer pays tax, NI and pension ...
Exam Part I - Kleykamp in Taiwan
Exam Part I - Kleykamp in Taiwan

... d. income inequality cannot be measured in less developed countries ...
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Demography Vocabulary

Can we say that there is sustainable growth in Brazil?
Can we say that there is sustainable growth in Brazil?

... Expansion of Social Protection Programmes o Social Protection as social insurance: dual welfare system: formal/urban versus informal/rural sector workers o Incipient SP for informal workers (authoritarian regime to 1988 Constitution: rural pension and non-contributory pension (from Funrural to unive ...
November 13, 2013, The Citizen`s Share Idea for Europe, Saving EU
November 13, 2013, The Citizen`s Share Idea for Europe, Saving EU

... In principle, trade-off of wages for equity/profit-sharing can maintain worker lifetime income by transferring lower wage today for higher income tomorrow, adjusted for risk-> no reduction in consumer spending. Wage concession lowers price of goods, which could increase spending dependent on demand ...
PDF
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... Migrant workers’ basic pension insurance CANNOT be transferred or continued (old policy) Result: Workers’ income decline, inducing them to leave urban areas to return home. 2 – Security scenario: Migrant workers’ basic pension insurance CAN be transferred or continued “in part” between jurisdictions ...
the Powerpoint file from week #3
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... • Latin America: the end of ISI and the debt crisis (followed by structural adjustment) required massive pension reforms (much more extensive than in any developed country) ...
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... ...
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... – It can be operated as (equivalent to) a DSGE with fully forward looking behaviour by ...
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FACT SHEET History of Australia’s tax-transfer system

... period, from federation to the mid-1970s, the focus was largely on revenue adequacy to fund increasing levels of social provision of goods and services. In the second period, since the mid-1970s, there has been a greater focus on improving the equity, efficiency and simplicity of the tax system. • T ...
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... 4b. Approach provides estimates of government pension obligations General government debt and contingent pension obligations in the euro area and in the United States Multiples of annual gross domestic product (GDP), end-2007 ...
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Y BRIEFS MPDD POLIC Providing Income Security for the Elderly

... Russian Federation, a plateau of 2.6% of GDP would be reached by 2055, after which the expenditure would decline as the proportion of the population aged 65 and above decreases; in Thailand expenditure would reach 4.2% of GDP before declining after 2075. In Turkey, however, costs would reach almost ...
Would Poland Benefit From a Fiscal Responsibility Law?
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Modigliani, Miller and Microinsurance
Modigliani, Miller and Microinsurance

... • Problem: Derive an optimal series of payments, with Pt being the present value at time 0 of payment to be made at time t – 1 (insurance premium is paid at the beginning of the year). ...
powerpoint
powerpoint

... An easily understood indicator is the aging index, defined here as the ratio of persons aged 60 and over to the number of youths under age 15. In the Americas in 1997, this ratio ranged from a high of 82 in Canada to a low of 9 in Nicaragua. Over the next 3 decades, it will double or triple in most ...
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Pensions crisis

The pensions crisis is a predicted difficulty in paying for corporate, state, and federal pensions in the United States and Europe, due to a difference between pension obligations and the resources set aside to fund them. Shifting demographics are causing a lower ratio of workers per retiree; contributing factors include retirees living longer (increasing the relative number of retirees), and lower birth rates (decreasing the relative number of workers, especially relative to the Post-WW2 Baby Boom). There is significant debate regarding the magnitude and importance of the problem, as well as the solutions.For example, as of 2008, the estimates for the underfunding of U.S. states' pension programs range from $1 trillion using the discount rate of 8% to $3.23 trillion using U.S. Treasury bond yields as the discount rate. The present value of unfunded obligations under Social Security as of August 2010 was approximately $5.4 trillion. In other words, this amount would have to be set aside today such that the principal and interest would cover the program's shortfall between tax revenues and payouts over the next 75 years.Some economists question the concept of funding, and, therefore underfunding. Storing funds by governments, in the form of fiat currencies, is the functional equivalent of storing a collection of their own IOUs. They will be equally inflationary to newly written ones when they do come to be used.Reform ideas are in three primary categories: a) Addressing the worker-retiree ratio, via raising the retirement age, employment policy and immigration policy; b) Reducing obligations via shifting from defined benefit to defined contribution pension types and reducing future payment amounts (by, for example, adjusting the formula that determines the level of benefits); and c) Increasing resources to fund pensions via increasing contribution rates and raising taxes.
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