Series: IMF Working Papers
Author(s): Mario Catalan , and Nicolas Magud
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 03 December 2012
Keywords: Pension reform, external balance, dyamic general equilibrium model, pension, retirement, retirement age, pension benefits, benefits, Open Economy Macroeconomics, Social Security and Public Pensions,
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 targe...