1.

Record Nr.

UNINA9910162943603321

Autore

Arbatli Saxegaard Elif

Titolo

Automatic Adjustment Mechanisms in Asian Pension Systems? / / Elif Arbatli Saxegaard, Csaba Feher, Jack Ree, Ikuo Saito, Mauricio Soto

Pubbl/distr/stampa

Washington, D.C. : , : International Monetary Fund, , 2016

ISBN

9781475569100

1475569106

9781475569131

1475569130

Descrizione fisica

1 online resource (30 pages) : illustrations (some color), graphs, tables

Collana

IMF Working Papers

Altri autori (Persone)

FeherCsaba

ReeJack

SaitoIkuo

SotoMauricio

Disciplina

331.252095

Soggetti

Pensions - Asia

Pensions

Labor

Public Finance

Demography

Social Security and Public Pensions

Nonwage Labor Costs and Benefits

Private Pensions

Economics of the Elderly

Economics of the Handicapped

Non-labor Market Discrimination

Retirement

Retirement Policies

Health: General

Population & demography

Labour

income economics

Health economics

Pension spending

Aging

Health

Expenditure

Population and demographics

Population aging



Income economics

Japan

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Nota di bibliografia

Includes bibliographical references.

Sommario/riassunto

Automatic adjustment mechanisms (AAMs)—rules ensuring that certain characteristics of a pension system respond to demographic, macroeconomic and financial developments, in a predetermined fashion and without the need for additional intervention—have been introduced in many OECD countries to tackle public pension schemes’ deteriorating financial sustainability. Incorporating AAMs—in particular linking retirement age to life expectancy—can be an important part of pension reforms in Asia. If implemented early, AAMs could help prevent the need for sharp adjustments in the future, increase the predictability and inter-generational equity of pension systems and enhance confidence.