01751cas a2200253 a 4500 AALejournalIMF013211 230101c9999 xx r poo 0 0eng d 5.00 USD 9781475563948 1018-5941 BD-DhAAL BD-DhAAL Catalan, Mario. A Tradeoff between the Output and Current Account Effects of Pension Reform / Mario Catalan, Nicolas Magud. Washington, D.C. : International Monetary Fund, 2012. 1 online resource (24 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students We compare the long-term output and current account effects of pension reforms that increase the retirement age with those of reforms that cut pension benefits, conditional on reforms achieving similar fiscal targets. We show the presence of a policy trade-off. Pension reforms that increase the retirement age have a large positive effect on output, but a small (and often negative) effect on the current account. In contrast, reforms that cut pension benefits improve the current account balance but reduce output. Mixed pension reforms, which extend the working life and cut pension benefits, can simultaneously boost output and the current account. Mode of access: Internet Magud, Nicolas. IMF Working Papers; Working Paper ; No. 2012/283 Full text available on IMF http://elibrary.imf.org/view/journals/001/2012/283/001.2012.issue-283-en.xml IMF e-Library