Retraites par capitalisation et par répartition selon le contexte démographique: Quelques résultats comparatifs

Blanchet,

doi:10.2307/20075786

Cited by 7 publications

(6 citation statements)

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“…What r measures is the excess proportionate present value that the individual or cohort obtains in pension benefits over and above the value of the contributions paid into the system over their working life, an indicator analogous to the one used to measure the rate of return on financial investments. 18 As in the case of the variables plotted previously, this indicator is calculated in accordance with the general assumptions of our basic model, with two alternative scenarios now being considered: firstly, the case where the system variables remain constant throughout the ageing process and the general 17 See Blanchet (1990 and for a fine, nuanced discussion of the relative merits of funded and unfunded systems under changing demographic conditions in a context of general balance, which refutes some common misconceptions about the subject. 18 See Bravo (1996) for a more detailed discussion of the implicit rate of return and the way this is affected by different factors and policies.…”

Section: R Ow T H I T I S C L E a R T H A T T H E S E D Em O G R A mentioning

confidence: 97%

Population ageing and pension systems in Latin America

Bravo¹

2000

CEPAL Review

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Section: R Ow T H I T I S C L E a R T H A T T H E S E D Em O G R A mentioning

confidence: 97%

Population ageing and pension systems in Latin America

Bravo¹

2000

CEPAL Review

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“…6 Una interpretación sencilla de esta tendencia en términos de las variables del sistema de pensiones es que, sólo por concepto del envejecimiento de la población, las tasas de cotización tendrían que aumentar en un 70% durante este período para que el balance financiero no empeorara con respecto a sus valores de 1990. 7 Véanse, entre muchos otros, Blanchet, 1990;CEPAL/CELADE, 1996;Chand y Jaeger, 1996;Conseil d'analyse économique, 1998;Conte-Grand, 1995;Reynaud, coord., 1998, y CEPAL, 1998. Casi todos los indicadores de los sistemas de pensiones están influidos por variables demográficas, sobre todo y en forma más directa por el envejecimiento de la población.…”

Section: El Envejecimiento De La Población Y Los Sistemas De Pensioneunclassified

“…Véase enBlanchet (1990Blanchet ( y 1998 una discusión detallada y matizada de los méritos relativos de los sistemas de reparto y de capitalización en condiciones demográficas cambiantes dentro de un marco de equilibrio general, que refuta varios conceptos erróneos al respecto.18 Para una discusión más detallada de la rentabilidad implícita y de cómo se ve afectada por diferentes factores y políticas, véaseBravo (1996). Los efectos conexos sobre la riqueza vitalicia se estudian enAuerbach y Kotlikoff (1987),Arrau (1991) yCifuentes (1995), en el contexto de modelos de equilibrio general y de generaciones superpuestas.…”

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Envejecimiento de la población y sistemas de pensiones en América Latina

Bravo¹

2000

Revista De La CEPAL

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“…1. The optimal balance between PAYG and a fully-funded pension system some theoretical elements This section builds upon models developed by Blanchet (1990), Blanchard and Weil (1992) and Gale (1990). The discussion can be framed into a stochastic extension of the Diamond-Samuelson overlapping generation model.…”

Section: Pension Reform Risk and Fit\mgjfl]l Institutionsmentioning

confidence: 99%

Slovenia: Recent Economic Developments

Fund¹

1996

IMF Staff Country Reports

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©International Monetary Fund. Not for Redistribution (household expenditures calculated to par capita expenditure). 2/ the first series shows gesAateged unenplyjnsut in percent of the labor force. The second series corresponds to ZLO definitions, and ia derived fron labor force surveys conducted each year in Nay. i/ Changes in ftTA and BDA expressed as percent of broad noney at the end of the previous period. £/ Including errors and oniasions. £/ On oiediuB-and long-tea dabt. £/ An increase denotes an appreciation. total Aggragata dsasnd ©International Monetary Fund. Not for Redistribution c tate-owned enterprises and private enterprises with more than 3 employees. ©International Monetary Fund. Not for Redistribution gradual shift from heavy dominance of industry toward a higher share of services in GDP. I/ a. Industry Industrial production in Slovenia began on a downward trend during the late eighties as the economy of former SFRY faltered (Table 24). The decline continued until the middle of 1993 when a recovery, initiated by rising domestic demand, began. However, industrial production, which had fallen by over 13 percent in 1992, continued to contract in 1993, declining by 3 percent. This decline was broad-based with all three major branches of industrial activity experiencing a contraction: manufacturing output fell by 2 percent, electricity, gas and water supply by 3 percent, and construction activity by 4 percent. The turnaround in 1994 was decisive and strong. Real growth in these three branches was 7 percent, 6 1/2 percent and 7 1/2 percent, respectively, propelling total industrial output growth to 6 1/2 percent.The successful reorientation to the European markets, strong demand in partner countries and recovery in domestic investment contributed to the industrial expansion. The commodity composition of industrial growth reflected these factors. While the growth in final goods had already turned positive in 1993, the growth rate was, however, less than 1 percent, as a large share of private consumption demand was satisfied by imports. The recovery in capital and intermediate goods production came only in 1994 with growth rates of 13 1/2 and 8 3/4 percent, respectively. b. ServicesThe service sector was the first to register a positive growth rate, expanding by 4 percent in 1993. The growth moderated to 3 1/2 in 1994. The share of services in value added increased from 54 percent in 1992 to 56 percent in 1994. Rapid growth in the public sector in 1992 and 1993 was a contributing factor to this expansion of the service sector. The private sector is also developing rapidly and represented 88 percent of the total number of firms, 16 percent of total employment (up from 2 percent in 1990) and 24 percent of total revenues in 1994 (Tables 30-32).Tourism, as measured by the number of nights spent by tourists, fell by almost half between 1989 and 1991, reflecting the uncertain political and security situation (Table 26). As the security environment in the region improved, tourism recovered; overnight stays by to...

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Retraites par capitalisation et par répartition selon le contexte démographique: Quelques résultats comparatifs

Cited by 7 publications

References 0 publications

Population ageing and pension systems in Latin America

Population ageing and pension systems in Latin America

Envejecimiento de la población y sistemas de pensiones en América Latina

Slovenia: Recent Economic Developments

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