Browsing by Subject "Pension reform"
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Item Open Access A computational investigation of optimal parameters in pension reform(2000) Kiraci, ArzdarThe purpose of this dissertation is to develop a computational framework to identify a set of parametric reform options to rehabilitate publicly run, pay-as-you-go-based pension systems under alternative strategies for reform involving once-and-for-all as well as gradual changes in pension parameters. The techniques developed are applied to the Turkish pension system, which is particularly interesting as it already faces a severe financial crisis despite a relatively young population. The results confirm the need for urgent reform.Item Open Access Parametric pension reform with higher retirement ages: a computational investigation of alternatives for a pay-as-you-go-based pension system(Elsevier BV, 2001) Sayan, S.; Kiraci, A.This. paper discusses parametric reform options to control losses generated by a publicly managed pay-as-you-go (PAYG) pension system under alternative deficit reduction (reform) strategies involving changes in contribution and replacement rates and statutory retirement ages. Two different problems corresponding to different pension reform strategies are considered using computational techniques. The techniques are illustrated through exercises employing data for the financially troubled pension system in Turkey. (C) 2001 Elsevier Science B.V. All rights reserved.