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Pension reform is spreading around the globe. ranging from Latin America to OECD countries, with current discussions of major reform projects in many other developing. transition, and OECD economies. This paper surveys current research issues and country experiences related to old-age security ar...


Arrau, PatricioSchmidt-Hebbel, Klaus[Pension Systems and Reforms: Country Experiences and Research Issues]Pension Systems and Reforms: Country Experiences and Research Issues

Morandé, FelipeSchmidt-Hebbel, Klaus[Sovering debt converson in a dynamic Portfolio Framework]Sovering debt converson in a dynamic Portfolio Framework

In 1994 Colombia started replacing its state-run and pay-as-you-go (PAYG) pension system by a privately-run and fully-funded scheme. Numerical simulations for the government's reform transition reveal implicit PAYG debt levels and corresponding reform transition deficits that are high relative to...


Schmidt-Hebbel, Klaus[Fiscal and Macroeconomic Effects of Colombia`s Pension Reform]Fiscal and Macroeconomic Effects of Colombia`s Pension Reform

Schmidt-Hebbel, Klaus[Terms of Trade and the Current Account under Uncertainty]Terms of Trade and the Current Account under Uncertainty

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