Pension Reforms in Countries with Developed and Transitional Economies

The Effects of Learning and Scale Economies in Health Sector: Case of Developed and Developing Countries

The quality and quantity of human capital are the most important factors in economic growth and its expansion depends on the educational and health infrastructure of countries. The education sector promotes the technical knowledge and skills of the human resources and the health sector provides its health; In addition, the quality of health services in turn is affected by education. Also, Learn...

Pension Reforms in India

Life expectancy has shot up in recent decades. When public pension systems were first established, people could typically look forward to only a few years of retirement if any. Today, globally, the probability of a newborn boy surviving until age 65 is over 80%; the figure is over 90% for a girl child. Aging populations are “a high-class” problem, said U.S. President Bill Clinton in his 1999 St...

Pension System Reforms

Retirement Expectations and Pension Reforms

We estimate the effect of pension reforms on households’ expectations of retirement outcomes and wealth accumulation decisions exploiting a decade of pension reforms as a source of exogenous variation in expected pension wealth. Two parameters are crucial to estimate pension wealth: the age at which workers expect to retire and the expected ratio of pension benefits to pre-retirement income. Th...

Transitional Dynamics in Transition Economies