1.

Record Nr.

UNINA9910165035303321

Titolo

Turkey : : Selected Issues

Pubbl/distr/stampa

Washington, D.C. : , : International Monetary Fund, , 2017

ISBN

9781475574302

1475574304

9781475574326

1475574320

Descrizione fisica

1 online resource (73 pages) : illustrations

Collana

IMF Staff Country Reports

Disciplina

338.9561

Soggetti

Accounts current

Infrastructure

Labor

Public Finance

Real Estate

Industries: Financial Services

Macroeconomics

Housing Supply and Markets

Economic Development: Urban, Rural, Regional, and Transportation Analysis

Housing

Social Security and Public Pensions

Wages, Compensation, and Labor Costs: General

Nonwage Labor Costs and Benefits

Private Pensions

Property & real estate

Pensions

Finance

Labour

income economics

Housing prices

Pension spending

Wages

Prices

National accounts

Expenditure

Saving and investment

Mortgages



Income economics

Turkey

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Nota di bibliografia

Includes bibliographical references.

Sommario/riassunto

This Selected Issues paper examines the new private pension automatic enrollment provisions in Turkey. The newly enacted automatic enrollment provisions have several advantages relative to the current voluntary private pension system. However, they have several weaknesses that risk endangering the reform in the long term. The hybrid input-output is not complete without the establishment of a public procurement board and periodic auctioning of pension services. Employers are unlikely to be more skilled than individuals in choosing pension plans for their workers. The IMF staff advice is to complete the hybrid input-output model along the lines recommended by the World Bank by establishing a procurement board for pension services for undecided participants.