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The possible impact of pension age changes on Malta’s potential output

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  • Aaron G Grech

Abstract

As from 2012, the pension age in Malta started rising from 61 for men and 60 for women to eventually reach 65 for both genders in 2026. This paper evaluates the effects of the first change in the eligibility age, using employment and beneficiaries data covering that period.

Suggested Citation

  • Aaron G Grech, "undated". "The possible impact of pension age changes on Malta’s potential output," CBM Policy Papers PP/01/2016, Central Bank of Malta.
    • Handle: RePEc:mlt:ppaper:0116
    as

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    File URL: https://www.centralbankmalta.org/file.aspx?f=21344
    File Function: First version, 2016
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    References listed on IDEAS

    as
    1. Richard Blundell & Carl Emmerson, 2007. "Fiscal Effects of Reforming the UK State Pension System," NBER Chapters, in: Social Security Programs and Retirement around the World: Fiscal Implications of Reform, pages 459-502, National Bureau of Economic Research, Inc.
    2. Ms. Joana Pereira & Mr. Philippe D Karam & Mr. Dirk V Muir & Ms. Anita Tuladhar, 2010. "Macroeconomic Effects of Public Pension Reforms," IMF Working Papers 2010/297, International Monetary Fund.
    3. Mastrobuoni, Giovanni, 2009. "Labor supply effects of the recent social security benefit cuts: Empirical estimates using cohort discontinuities," Journal of Public Economics, Elsevier, vol. 93(11-12), pages 1224-1233, December.
    4. Owen Grech & Noel Rapa, 2016. "STREAM: A structural macro-econometric model of the Maltese economy," CBM Working Papers WP/01/2016, Central Bank of Malta.
    5. Brian Micallef, "undated". "Estimating the Impact on potential output of structural reforms to Increase the female participation rate," CBM Policy Papers PP/03/2015, Central Bank of Malta.
    6. Grech, Aaron George & Grech, Owen & Micallef, Brian & Rapa, Noel & Gatt, William, 2013. "A Structural Macro-Econometric Model of the Maltese Economy," MPRA Paper 46128, University Library of Munich, Germany.
    7. Jonathan Cribb & Carl Emmerson & Gemma Tetlow, 2013. "Incentives, shocks or signals: labour supply effects of increasing the female state pension age in the UK," IFS Working Papers W13/03, Institute for Fiscal Studies.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    JEL classification:

    • E37 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Forecasting and Simulation: Models and Applications
    • J26 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Retirement; Retirement Policies
    • H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions

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