How Long to Read A Framework for Assessing the Costs of Pension Reform Reversals

By Daniel Baksa

How Long Does it Take to Read A Framework for Assessing the Costs of Pension Reform Reversals?

It takes the average reader 1 hour and 10 minutes to read A Framework for Assessing the Costs of Pension Reform Reversals by Daniel Baksa

Assuming a reading speed of 250 words per minute. Learn more

Description

Several European countries are currently considering reversing parts of their pension reforms that were adopted previously to improve sustainability. In this paper we present a framework that allows us to quantify the macroeconomic and fiscal costs of such reversals. We thereby integrate the country-specific information from the latest Ageing Report into a dynamic general equilibrium model with overlapping generations. Focusing on Germany and Slovakia as country cases, our model replicates the Ageing Report's pension expenditure projections very well. We calculate the macroeconomic impact of first the additional pension reforms needed to contain the public debt pressures arising from population ageing and second the costs of reform reversals. Our model results show that undoing past pension reforms would generate substantial adverse macroeconomic costs and could pose challenges for fiscal sustainability.

How long is A Framework for Assessing the Costs of Pension Reform Reversals?

A Framework for Assessing the Costs of Pension Reform Reversals by Daniel Baksa is 70 pages long, and a total of 17,500 words.

This makes it 24% the length of the average book. It also has 21% more words than the average book.

How Long Does it Take to Read A Framework for Assessing the Costs of Pension Reform Reversals Aloud?

The average oral reading speed is 183 words per minute. This means it takes 1 hour and 35 minutes to read A Framework for Assessing the Costs of Pension Reform Reversals aloud.

What Reading Level is A Framework for Assessing the Costs of Pension Reform Reversals?

A Framework for Assessing the Costs of Pension Reform Reversals is suitable for students ages 8 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

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