Download or read book Privatizing Social Security written by Martin Feldstein and published by University of Chicago Press. This book was released on 2008-04-15 with total page 484 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume represents the most important work to date on one of the pressing policy issues of the moment: the privatization of social security. Although social security is facing enormous fiscal pressure in the face of an aging population, there has been relatively little published on the fundamentals of essential reform through privatization. Privatizing Social Security fills this void by studying the methods and problems involved in shifting from the current system to one based on mandatory saving in individual accounts. "Timely and important. . . . [Privatizing Social Security] presents a forceful case for a radical shift from the existing unfunded, pay-as-you-go single national program to a mandatory funded program with individual savings accounts. . . . An extensive analysis of how a privatized plan would work in the United States is supplemented with the experiences of five other countries that have privatized plans." —Library Journal "[A] high-powered collection of essays by top experts in the field."—Timothy Taylor, Public Interest

Download or read book Public Policy and Private Enterprise in Mexico written by Raymond Vernon and published by Cambridge, Harvard U.P. This book was released on 1964 with total page 344 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Public Policies and Saving in Developing Countries written by Vittorio Corbo and published by World Bank Publications. This book was released on 1991 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: Developing countries can increase their national saving rate best by increasing government saving. The most effective way to increase national saving is through permanent tax hike, a cut in current public spending, and a macroeconomic framework in which inflation is low and incentives are predictable.

Download or read book Private Saving Public Saving and the Inflation Tax written by Mr.A. Javier Hamann and published by International Monetary Fund. This book was released on 1993-04-01 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt: The present paper provides an analytical discussion on a popular issue: the measurement problems associated with the inflation tax. It is well known that conventional national accounts definitions usually misplace the proceeds from the inflation tax: they are typically not subtracted from disposable income, and they are not included as part of the Government’s revenues “above the line.” Using a simple, perfect foresight monetary model developed by Calvo (1986, 1987), this paper analyzes the difference between macroeconomically relevant concepts of public and private saving, and their national accounts counterparts. The paper goes on to show that the national account aggregates create the impression that heavier reliance on the inflation tax on the part of the Government is associated with higher private saving, even in situations where the composition of government revenues does not have any effect on private saving.

Download or read book Stabilization and Growth Recovery in Mexico written by Daniel Oks and published by World Bank Publications. This book was released on 1992 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: The right combination of orthodox and heterodox policies can bring inflation down and induce sustained economic recovery in Mexico-- and has done so. But a few loose ends remain: a sharp decline in private savings and the continuing appreciation of the peso.

Download or read book Private Saving in Colombia written by Mr.Alejandro Lopez Mejia and published by International Monetary Fund. This book was released on 1998-12-01 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper studies the main determinants of the sharp decline in Colombia’s private saving rate which accompanied the steep deterioration of the country’s external current account deficit in the 1990s. The paper rejects current arguments pointing to a consumption boom and corporate behavior as the main causes of the decline. It concludes that: private consumption, explained mainly by permanent income, has only increased moderately in the 1990s; household behavior—not corporate behavior—determines private saving; and tax increases do not entirely explain the fall of private saving. Thus, reliance on external saving could be reduced by increasing public saving.

Download or read book Public Policies for Human Development written by Rob Vos and published by Springer. This book was released on 2016-04-30 with total page 414 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book assesses financing strategies in Latin America and the Caribbean, in pursuance of the United Nations' millennium development goals (MDGs) and their achievement in 2015. It looks at how to make public policies more conducive to support sustained growth and reduce the still widespread poverty and inequality in the region

Download or read book Mexico s Economy written by Robert E. Looney and published by Routledge. This book was released on 2019-03-04 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the spring of 1976, I had the privilege of serving on a Stanford Research Institute team engaged in examining various facets of the Mexican economy. That study provided the opportunity to visit many government ministries and talk with some of Mexico's leading economists. These professional experiences stimulated me to undertake full-scale research on the growth potential of the Mexican economy, a subject in which I had long been interested and on which I had written from time to time, beginning with my book Income Distribution Policies and Economic Growth in Semi-Industrialized Countries: A Comparative Study of Iran, Mexico, Brazil, and South Korea. 1 The present volume might be regarded as the culmination of this endeavor. The methodological approach here is partly descriptive and partly empirical-illustrative formal models are built on both qualitative and theoretical foundations. To sharpen the issue and put the Mexican economy in perspective, international comparisons are made through-out.

Download or read book Under Rewarded Efforts written by Santiago Levy Algazi and published by Inter-American Development Bank. This book was released on 2018-07-11 with total page 323 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why has an economy that has done so many things right failed to grow fast? Under-Rewarded Efforts traces Mexico’s disappointing growth to flawed microeconomic policies that have suppressed productivity growth and nullified the expected benefits of the country’s reform efforts. Fast growth will not occur doing more of the same or focusing on issues that may be key bottlenecks to productivity growth elsewhere, but not in Mexico. It will only result from inclusive institutions that effectively protect workers against risks, redistribute towards those in need, and simultaneously align entrepreneurs’ and workers’ incentives to raise productivity.

Download or read book OECD Reviews of Regulatory Reform Mexico 2004 Progress in Implementing Regulatory Reform written by OECD and published by OECD Publishing. This book was released on 2004-11-04 with total page 244 pages. Available in PDF, EPUB and Kindle. Book excerpt: This comprehensive review of Mexican regulatory policy outlines progress made by Mexico since the 1999 review conducted by the OECD, and makes recommendations for further reforms aimed at promoting investment and boosting productivity and ...

Download or read book Mexico s Private Sector written by Riordan Roett and published by Lynne Rienner Publishers. This book was released on 1998 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: This text examines the responses to the challenges imposed by reforms in Mexico's economic and political systems, and the international economic community for transparent and fair business dealings. Weighing goals of economic reform against its results, prospects for further reforms are evaluated.

Download or read book Mexico Detailed report written by and published by . This book was released on 1997 with total page 180 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Economic Policy Reform in Mexico written by Leopoldo Solís and published by Elsevier. This book was released on 2013-09-11 with total page 236 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economic Policy Reform in Mexico: A Case Study for Developing Countries is a five-chapter text about political economy that tries to assess the economic developments in Mexico, especially the attempt at economic reform in the early 1970s. The first chapter examines the period of Stabilizing Development to provide a framework necessary for judging the environment in which the attempts at economic reform were undertaken. This chapter is a piece of applied economics that tries to assess the too frequent attacks against that phase of economic policy. The following three chapters discuss the economic policy objectives of Echeverria's administration, the attempt at tax reform, and the change in the structure and practices of public spending. The final chapter evaluates the experience and draws some inferences about the nature of decision making in economic policy and the constraints faced by a government that wants to use economic policy as an instrument for the promotion of social welfare. This book will prove useful to economists, historians, and researchers.

Download or read book OECD Regional Development Studies Decentralisation and Local Infrastructure in Mexico A New Public Policy for Development written by OECD and published by OECD Publishing. This book was released on 1999-12-06 with total page 145 pages. Available in PDF, EPUB and Kindle. Book excerpt: This publication sheds light on the issue of decentralisation in Mexico.

Download or read book Why Did Colombian Private Savings Decline in the Early 1990s written by Alejandro López and published by World Bank Publications. This book was released on 1999 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: January 1997 The sharp drop in private savings in the 1990s in Colombia can be attributed to a decline in private disposable income and, to a lesser extent, to growth in consumption. The sharp drop in private savings in the 1990s in Colombia can be attributed to a decline in private disposable income and, to a lesser extent, to growth in consumption. The permanent decline in private disposable income in Colombia between 1950 and 1990 is closely linked to tax increases. This trend was accentuated in the early 1990s by a reduction in corporations' gross operating surplus. Contrary to the usual hypothesis, López shows that in the 1990s private consumption had a relatively minor effect on national savings. He highlights two findings: * Private consumption's recent behavior can hardly be called a boom. It declined throughout the second half of the 1980s before finally showing an upturn in 1992 equivalent to 2 percent of gross national product. * Consumption of durable goods after trade reform cannot be blamed for the decline in private savings. In fact, savings began falling in 1988 and, until 1993, trade reform did not cause a stock adjustment of durable goods. This paper - a product of the Macroeconomics and Growth Division, Policy Research Department - is part of a larger effort in the department to assess the determinants of saving.

Download or read book Economic Policymaking in Mexico written by Robert E. Looney and published by Durham, N.C. : Duke University Press. This book was released on 1985 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume argues that the Mexican crisis of August 1982, in which the country was left facing the prospect of national default and zero economic growth, was not only the result of some fundamental flaws in the country's economy, but is more accurately characterized as a cash flow problem--in the author's words, "a case of illiquidity rather than insolvency." Based on a thorough analysis of the Mexican economy, the book assesses the effectiveness of the various economic programs of the de la Madrid presidency in dealing with the nation's problems.

Download or read book The 1997 Pension Reform in Mexico written by Gloria M. Grandolini and published by World Bank Publications. This book was released on 1998 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt: June 1998 Under Mexico's reformed pension system, private pension funds could become the single largest financial industry in a decade. Their efficiency and investment returns will profoundly affect the welfare of retirees, the finances of government, the development of capital markets, and the rate of savings. In 1995-96, Mexico shifted to a multipillar approach to old-age security. The objective of the publicly managed first pillar is redistribution; a fully-funded second pillar provides for mandatory individual savings accounts and competitive but exclusive and specialized pension fund management; the third pillar is voluntary savings. This package could provide effective income security and protection against old-age poverty, in a manner compatible with goals of savings and economic growth. It offers Mexico's first real opportunity to shift to a defined-contribution model and to expand and deepen domestic capital markets by creating a new class of institutional investors-although in the short term its impact on capital markets will be limited by the need to focus on the security of pension fund investments. The reformed system provides for a probably irreversible shift toward private intermediation of most domestic investment funds. Further efforts to improve the pension system should encourage efficiency, confidence, and economies of scale. There are weaknesses in Mexico's pension design-especially the limited scope for workers in the private sector, the continued role of the housing-fund component, and the moral hazard implications of the lifetime-switch option. But Mexico achieved radical reform with its pension system within a difficult political and economic environment. And the timing of reform was appropriate. The age structure in the existing system is very young, so coverage could increase. Also, reform took place after the inflationary 1980s and the recent financial crisis, which eroded the real value of old pensions, the acquired pension rights of the transition generation, and the minimum pension for minimum-wage retirees. If returns on invested contributions are high enough, much of the transition generation will choose the defined-contribution alternative over the old pay-as-you-go system. This will release the government from pension liabilities, except for the minimum pension guarantee for new affiliates. Ensuring the system's long-term success will require improved financial performance from INFONAVIT, the authorities' political will and technical ability to enforce pension laws and regulations, and the system's flexibility in the face of changing circumstances. This paper-a product of the Finance, Private Sector, and Infrastructure Unit, Latin America and the Caribbean Regional Office-is part of a larger effort to study contractual savings development in Latin America. Gloria Grandolini may be contacted at [email protected].