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150128 ||| eng |
| 020 |
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|a 9781451947243
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| 245 |
0 |
0 |
|a IMF Staff papers
|b Volume 44 No. 2
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| 260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 1997
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| 300 |
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|a 156 pages
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| 651 |
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4 |
|a United States
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| 653 |
|
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|a Inflation
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| 653 |
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|a Pension spending
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| 653 |
|
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|a Finance
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| 653 |
|
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|a Labour; income economics
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| 653 |
|
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|a Social Security and Public Pensions
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| 653 |
|
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|a Public finance & taxation
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| 653 |
|
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|a Deflation
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| 653 |
|
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|a Unemployment: Models, Duration, Incidence, and Job Search
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| 653 |
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|a Fiscal Policy
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| 653 |
|
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|a Fiscal consolidation
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| 653 |
|
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|a Unemployment
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| 653 |
|
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|a Fiscal policy
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| 653 |
|
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|a Labor
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| 653 |
|
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|a National Government Expenditures and Related Policies: General
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| 653 |
|
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|a Expenditure
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| 653 |
|
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|a Price Level
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| 653 |
|
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|a Expenditures, Public
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| 653 |
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|a Pension reform
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| 653 |
|
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|a Pensions
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| 653 |
|
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|a Prices
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| 653 |
|
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|a Macroeconomics
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| 653 |
|
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|a Unemployment rate
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| 653 |
|
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|a Public Finance
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| 653 |
|
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|a Finance: General
|
| 710 |
2 |
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|a International Monetary Fund
|b Research Dept
|
| 041 |
0 |
7 |
|a eng
|2 ISO 639-2
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| 989 |
|
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|b IMF
|a International Monetary Fund
|
| 490 |
0 |
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|a IMF Staff Papers
|
| 028 |
5 |
0 |
|a 10.5089/9781451947243.024
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| 856 |
4 |
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|u https://elibrary.imf.org/view/journals/024/1997/002/024.1997.issue-002-en.xml?cid=29464-com-dsp-marc
|x Verlag
|3 Volltext
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| 082 |
0 |
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|a 330
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| 520 |
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|a The Chilean pension reform of 1981, a shift from cm unfunded to a funded scheme, is considered to have contributed to this country’s excellent economic performance. Positive growth effects allow, in principle, a Pareto-improving shift in pension financing. This paper highlights the theoretical underpinnings of the reform and presents empirical data and preliminary econometric testing of the conjectured reform effects on financial market developments, as well as the impact on total factor productivity. capital formation, and private saving. The empirical evidence is consistent with most but not all claims. In particular, the direct impact of the reform on saving was low, and initially even negative
|