Pension Reform and Capital Market Development

Pension Reform and Capital Market Development
Author: Dimitri Vittas
Publisher: World Bank Publications
Total Pages: 30
Release: 2000
Genre: Capital market
ISBN:

Private pension funds are neither necessary nor sufficient for capital market development. But if they are subject to conducive regulations, adopt optimizing policies, and operate in a pluralistic structure, they can have a large impact on capital market modernization and development once they reach a critical mass.

The Challenge of Public Pension Reform in Advanced and Emerging Economies

The Challenge of Public Pension Reform in Advanced and Emerging Economies
Author: Mr.Benedict J. Clements
Publisher: International Monetary Fund
Total Pages: 86
Release: 2013-01-25
Genre: Business & Economics
ISBN: 147556631X

Pension reform is high on the policy agenda of many advanced and emerging market economies. In advanced economies the challenge is generally to contain future increases in public pension spending as the population ages. In emerging market economies, the challenges are often different. Where pension coverage is extensive, the issues are similar to those in advanced economies. Where pension coverage is low, the key challenge will be to expand coverage in a fiscally sustainable manner. This volume examines the outlook for public pension spending over the coming decades and the options for reform in 52 advanced and emerging market economies.

Pension Funds

Pension Funds
Author: E. Philip Davis
Publisher: Oxford University Press on Demand
Total Pages: 337
Release: 1995
Genre: Business & Economics
ISBN: 9780198293040

Davis assesses the major economic issues raised by occupational pension funds as they have arisen in 12 OECD countries. Particular emphasis is placed on the performance of funds in financial markets.

Pension Reform, Financial Market Development, and Economic Growth

Pension Reform, Financial Market Development, and Economic Growth
Author: Mr.Robert Holzmann
Publisher: International Monetary Fund
Total Pages: 52
Release: 1996-08-01
Genre: Business & Economics
ISBN: 1451950756

The Chilean pension reform of 1981, in which Chile moved from an unfunded to a funded scheme, is considered to have contributed to this country’s excellent economic performance since the mid-1980s. The paper highlights the theoretical underpinnings of the claimed economic effects and presents empirical data and preliminary econometric testing of the conjectured growth, capital formation, and saving effects. The empirical evidence is consistent with most of the claims. In particular, the direct impact of financial market development on private saving is found to be negative, which underscores the importance of sound fiscal policy and public saving to support the transition.

Finance and Growth

Finance and Growth
Author: Ross Levine
Publisher:
Total Pages: 130
Release: 2004
Genre: Economic development
ISBN:

"This paper reviews, appraises, and critiques theoretical and empirical research on the connections between the operation of the financial system and economic growth. While subject to ample qualifications and countervailing views, the preponderance of evidence suggests that both financial intermediaries and markets matter for growth and that reverse causality alone is not driving this relationship. Furthermore, theory and evidence imply that better developed financial systems ease external financing constraints facing firms, which illuminates one mechanism through which financial development influences economic growth. The paper highlights many areas needing additional research"--NBER website

Pension Reform

Pension Reform
Author: Robert Holzmann
Publisher: World Bank Publications
Total Pages: 692
Release: 2006
Genre: Business & Economics
ISBN: 082136166X

This book presents 25 state of the art papers on the conceptual foundations and issues surrounding Non-financial, or Notional, Defined Contribution (NDC), country implementation of NDC (Italy, Latvia, Poland, and Sweden) and case studies for countries where NDC is figured in the reform debate. This book is intended to be a handbook for academics and policy makers who want to become informed about what NDC is and to learn about the pros and cons of this attractive reform proposal.

The Development of Local Capital Markets

The Development of Local Capital Markets
Author: Mr.Luc Laeven
Publisher: International Monetary Fund
Total Pages: 25
Release: 2014-12-19
Genre: Business & Economics
ISBN: 1498372201

Capital markets can improve risk sharing and the efficiency with which capital is allocated to the real economy, boosting economic growth and welfare. However, despite these potential benefits, not all countries have well developed capital markets. Moreover, government-led initiatives to develop local capital markets have had mixed success. This paper reviews the literature on the benefits and costs of developing local capital markets, and describes the challenges faced in the development of such markets. The paper concludes with a set of policy recommendations emerging from this literature.

Pension Reform and Economic Theory

Pension Reform and Economic Theory
Author: Sergio Cesaratto
Publisher: Edward Elgar Publishing
Total Pages: 378
Release: 2014-05-14
Genre: Business & Economics
ISBN: 1781007454

"Academics and practitioners interested in the pension debate, welfare state, income distribution and institutions will find Pension Reform and Economic Theory of great interest, as will demographers, political scientists and mainstream economists open to dissenting views in economic analysis and interested in understanding the economic foundations of pension reform proposals."--BOOK JACKET.

Capital in the American Economy

Capital in the American Economy
Author: Simon Smith Kuznets
Publisher: Princeton University Press
Total Pages: 694
Release: 2015-12-08
Genre: Business & Economics
ISBN: 1400879728

An examination of long-term trends in capital formation and financing in the U.S., this study is organized primarily around the principal capital-using sectors of the economy: agriculture, mining and manufacturing, public utilities, non-farm residential real estate, and government. The analysis summarizes major trends in real capital formation and financing, and the factors that determined the trends. Originally published in 1961. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.