| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP16451 |
| DP16451 OECD Pension Reform: it is the business cycle, not the demography! | |
| Roel Beetsma; Ward Romp | |
| 发表日期 | 2021-08-12 |
| 出版年 | 2021 |
| 语种 | 英语 |
| 摘要 | Using a new real-time dataset from Beetsma et al. (2020) containing all pension reform measures in 23 OECD countries between 1970 and 2017, we demonstrate that, in contrast to what one might a priori expect, the timing of pension reform measures coincides with business cycle shocks and not with current or projected demographic shocks. We rationalise this finding using a political-economy model with two-sided adjustment costs to explain a lack of response of pension reform measures to changes in demographic indicators. |
| 主题 | Macroeconomics and Growth ; Public Economics |
| 关键词 | Pension reform measures Narrative identification Expansion Contraction Old-age dependency ratio Business cycle indicators Adjustment costs |
| URL | https://cepr.org/publications/dp16451 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/545409 |
| 推荐引用方式 GB/T 7714 | Roel Beetsma,Ward Romp. DP16451 OECD Pension Reform: it is the business cycle, not the demography!. 2021. |
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