Format:
1 Online-Ressource (circa 31 Seiten)
,
Illustrationen
ISBN:
9781475545432
Series Statement:
IMF working paper WP/16, 206
Content:
Weighed down by population aging, slow economic growth, and high unemployment, National Insurance Schemes in the Caribbean are projected to run substantial deficits and deplete their assets in the next decades, raising the prospects of government intervention. With the region highly indebted, this paper quantifies the impact of three parametric reforms-freezing pension benefits for two years, raising the retirement age and increasing the contribution rate by one percentage point-that, if implemented, would put the pension schemes on a stronger financial footing. While the appropriate combination of reforms necessary to eliminate the actuarial deficits varies depending on each country's circumstances, most countries need to undertake reforms now or risk even higher taxes, lower growth and unsustainable debt dynamics
Additional Edition:
Erscheint auch als Druck-Ausgabe Ben Nassar, Koffie National Insurance Scheme Reforms in the Caribbean Washington, D.C. : International Monetary Fund, 2016 ISBN 9781475545432
Language:
English
Keywords:
Arbeitspapier
;
Graue Literatur
DOI:
10.5089/9781475545432.001
URL:
Volltext
(kostenfrei)
URL:
Volltext
(kostenfrei)
