Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/51845 
Erscheinungsjahr: 
2010
Schriftenreihe/Nr.: 
IZA Discussion Papers No. 5296
Verlag: 
Institute for the Study of Labor (IZA), Bonn
Zusammenfassung: 
The paper provides a framework for the conceptualization, definition and estimation of legacy costs that need to be addressed in a reform that transforms an unfunded defined contribution (NDB) scheme into a notional (or non-financial) defined contribution (NDC) scheme. As the new contribution rate is fixed and, perhaps, reduced, paying for the accrued to date liabilities leaves a financing gap that needs to be estimated and financed, best outside the pension system if a less distorting financing form is available. The paper illustrates the proposed measurement approach with broad estimates under a hypothetical NDC reform in China.
Schlagwörter: 
legacy costs
pension reform
NDC
coverage expansion
JEL: 
H55
H68
J21
J26
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
546.16 kB





Publikationen in EconStor sind urheberrechtlich geschützt.