scholarly journals The Laffer Effect in OECD Countries: Pension System Impact

2014 ◽  
Vol 269 (1) ◽  
pp. 141-160
Author(s):  
Antoni Chrzonstowski
Keyword(s):  
Pension System ◽  
Oecd Countries ◽  
Laffer Effect ◽  
System Impact

scholarly journals The Relationships Between Private Pension System, Saving Rate and Current Deficit: An Application on OECD Countries

2016 ◽  
Author(s):  
Selim Başar ◽  
Murat Eren ◽  
Gürkan Bozma
Keyword(s):  
Current Account ◽  
Pension System ◽  
Developing Economies ◽  
Current Account Deficit ◽  
Oecd Countries ◽  
Private Pension ◽  
Current Account Balance ◽  
Saving Rate ◽  
Savings Rate ◽  
Private Pension System

Today developed and developing economies have many problems. Some of these problems are created by global conjuncture and the rest of them are originated by problems which can be seen in some specific economies. One of the most important problems of economies is low saving rate. Since low saving rate can cause through to inability to increase investments and inability to reduce current account deficit, to remain below potential growth. The governments which want to increase the level of savings may use the private pension system as a political tool to increase domestic savings and decrease current account deficit. In accordance with this development, the relationships between private pension system, savings rate and current account deficit have been examined by using panel causality test for 14 OECD countries over the period 2005-2014. The findings indicate that developments in the private pension system leads to improvement in the current account balance.

scholarly journals ORGANIZATIONAL PROBLEMS OF FUNCTIONING OF ACCUMULATIVE AND DISTRIBUTION PENSION SUBSYSTEMS IN UKRAINE

2020 ◽  
Author(s):  
Tetyana Kulinich ◽  
◽  
Illya Zhayvoronok ◽  
Keyword(s):  
Financial Stability ◽  
Budget Deficit ◽  
Distribution Systems ◽  
Pension Fund ◽  
Pension System ◽  
Developed Countries ◽  
Oecd Countries ◽  
Distribution Models ◽  
Pension Systems ◽  
The World

Despite the number of reforms, the issue of improving the pension system in Ukraine remains quite acute. The low replacement rate and the marked increase in public pension expenditures, caused by the sharp increase in the budget deficit of the pension fund of Ukraine, show that the national pension system is one of the least efficient pension systems in the world. The article considers the structure of pension systems of developed countries, which in their absolute majority are combined. The mixed type of pension system is the most effective in terms of financial stability and the level of paid pensions. In its pure form, cumulative and distribution models are not common in world practice. The indicator of the coefficient of replacement of pension subsystems of OECD countries is presented and conclusions are drawn about their efficiency. The basic models of management of accumulative pension funds are summarized. Based on the analyzed data, it is obvious that in most leading countries of the world the basis of pension provision is the distribution subsystem. With rare exceptions, the bulk of the substitution factor is created within distribution systems. Accumulation systems can also play a significant role. Comparing data on replacement rates in Ukraine with the countries of OECD, it is clear that by 2019 the situation in Ukraine is one of the worst. The ratio of the average pension to the average salary in Ukraine is 2 times lower than the average for the OECD countries. Analysis of world practice leads to the conclusion that to increase the level of pensions requires simultaneous strengthening of the distribution and development of the accumulative parts of the pension system. The analysis of functioning of each subsystem of pension provision in Ukraine is carried out. The problems of functioning of the distribution pension subsystem in Ukraine during the last years are described. The dynamics of the budget deficit of the Pension Fund of Ukraine is graphically presented. The reasons for refusing to introduce the compulsory pension subsystem have been identified. The results of the activity of the voluntary accumulative pension subsystem are analyzed. The directions of im-provement of functioning of the pension system of Ukraine are defined.

scholarly journals The Laffer Effect in the Pension System

2013 ◽  
Vol 263 (4) ◽  
pp. 109-130
Author(s):  
Antoni Chrzonstowski
Keyword(s):  
Pension System ◽  
Laffer Effect

Evidence-based regulation of labour migration in OECD countries: setting quotas, selection criteria, and shortage lists

2014 ◽  
Vol 11 (1) ◽  
pp. 11-22 ◽  
Author(s):  
Jonathan Chaloff
Keyword(s):  
Labour Market ◽  
Selection Criteria ◽  
Oecd Countries ◽  
Market Analysis ◽  
Multiple Criteria ◽  
Labour Migration ◽  
Evidence Based ◽  
Periodic Review ◽  
Market Data ◽  
Almost All

The growing complexity of selection criteria for discretionary labour migration in OECD countries has been accompanied by an expanded demand for labour market analysis and consultation with stakeholders. While some features of general or detailed criteria may be fixed in legislation, numerical quotas or targets, shortage lists, and multiple-criteria points-based systems are generally subject to periodic review and revision based on labour market data and consultation with stakeholders. Official government bodies have maintained co-ordination of this process, with varying degrees of externalization. In most countries expertise is internal, with recourse to external mandated bodies rare. In almost all cases, however, the process is designed to promote consensus around the policy while maintaining political control.

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