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[null,"1.","Record Nr.",null,"UNINA9910779641103321"]
[null,null,"Autore",null,"Catalan Mario"]
[null,null,"Titolo",null,"A Tradeoff between the Output and  Current Account Effects of Pension Reform / / Mario Catalan, Nicolas Magud"]
[null,null,"Pubbl/distr/stampa",null,"Washington, D.C. : , : International Monetary Fund, , 2012"]
[null,null,"ISBN",null,"1-4755-7934-9"]
[{"$nulls":4},"1-4755-7635-8"]
[null,null,"Descrizione fisica",null,"1 online resource (25 p.)"]
[null,null,"Collana",null,"IMF Working Papers"]
[null,null,"Soggetti",null,"Industrial productivity - Econometric models"]
[{"$nulls":4},"Balance of payments - Econometric models"]
[{"$nulls":4},"Pensions - Econometric models"]
[{"$nulls":4},"Labor"]
[{"$nulls":4},"Macroeconomics"]
[{"$nulls":4},"Public Finance"]
[{"$nulls":4},"Demography"]
[{"$nulls":4},"Exports and Imports"]
[{"$nulls":4},"Open Economy Macroeconomics"]
[{"$nulls":4},"Social Security and Public Pensions"]
[{"$nulls":4},"Nonwage Labor Costs and Benefits"]
[{"$nulls":4},"Private Pensions"]
[{"$nulls":4},"Labor Economics: General"]
[{"$nulls":4},"Economics of the Elderly"]
[{"$nulls":4},"Economics of the Handicapped"]
[{"$nulls":4},"Non-labor Market Discrimination"]
[{"$nulls":4},"Current Account Adjustment"]
[{"$nulls":4},"Short-term Capital Movements"]
[{"$nulls":4},"Pensions"]
[{"$nulls":4},"Labour"]
[{"$nulls":4},"income economics"]
[{"$nulls":4},"Population & demography"]
[{"$nulls":4},"International economics"]
[{"$nulls":4},"Pension reform"]
[{"$nulls":4},"Pension spending"]
[{"$nulls":4},"Aging"]
[{"$nulls":4},"Expenditure"]
[{"$nulls":4},"Population and demographics"]
[{"$nulls":4},"Current account"]
[{"$nulls":4},"Balance of payments"]
[{"$nulls":4},"Labor economics"]
[{"$nulls":4},"Population aging"]
[{"$nulls":4},"Spain"]
[null,null,"Lingua di pubblicazione",null,"Inglese"]
[null,null,"Formato",null,"Materiale a stampa"]
[null,null,null,"Livello bibliografico","Monografia"]
[null,null,null,"Note generali","Description based upon print version of record."]
[null,null,null,"Nota di bibliografia","Includes bibliographical references."]
[null,null,"Nota di contenuto",null,"Cover; Abstract; Contents; I. Introduction; II. The Model; III. Results; A. Baseline; B. Reform I: Increasing the Retirement Age; C. Reform II: Cutting Pension Benefits; D. The Long-Run Tradeoff between Output and the Current Account; Tables; 1. Baseline Parameter Values; Figures; 1. Baseline Household's Wage, Pension, Disposable Income, Consumption, and Saving Profiles by Age; 2. Effects of Pension Reforms o Household's Disposable Income and Consumption Profiles by Age; 3. Effects of Pension Reforms on Household's Labor Effort Profile by Age"]
[{"$nulls":4},"4. The Long-Run Tradeoff between Output and the Current Account2. Results; Appendix: Household's Optimization Problem; References"]
[null,null,null,"Sommario/riassunto","We compare the long-term output and current account effects of pension reforms that increase the retirement age with those of reforms that cut pension benefits, conditional on reforms achieving similar fiscal targets. We show the presence of a policy trade-off. Pension reforms that increase the retirement age have a large positive effect on output, but a small (and often negative) effect on the current account. In contrast, reforms that cut pension benefits improve the current account balance but reduce output. Mixed pension reforms, which extend the working life and cut pension benefits, can simultaneously boost output and the current account."]