plan.be The Sustainability and Adequacy of Pensions in Belgium Joint assessments with MIDAS and MALTESE Gijs Dekkers 2nd Tecnical meeting on the Use of Administrative Data and Modelling Techniques in the Monitoring of Pension Systems EC and the Spanish Presidency, Madrid, 23 March 2010. 1
24
Embed
Plan.be The Sustainability and Adequacy of Pensions in Belgium Joint assessments with MIDAS and MALTESE Gijs Dekkers 2nd Tecnical meeting on the Use of.
This document is posted to help you gain knowledge. Please leave a comment to let me know what you think about it! Share it to your friends and learn new things together.
Transcript
plan.be
The Sustainability and Adequacy of Pensions in Belgium
Joint assessments with MIDAS and MALTESE
Gijs Dekkers
2nd Tecnical meeting on the Use of Administrative Data and Modelling Techniques in the Monitoring of Pension Systems
EC and the Spanish Presidency, Madrid, 23 March 2010.
1
plan.be
Overview of this presentation
2
I. General Introduction to MALTESE and MIDAS
II. The financial consequences of social policy:
two examples considered
I. An increase of the minimum right per career year
with 17% from October 2006 on
II. An increase of the Garanteed Income for the
Elderly (inkomensgarantie voor ouderen)
with 13,7% from December 2006 on
III. Work in PROGRESS and conclusions
plan.be3
I. General Introduction to MALTESE and MIDAS
plan.be
MIDAS and MALTESE: institutional context
Study Committee on Demographic
Ageing
MALTESE
MIDAS
Technical support
Assumptions and hypotheses AlignmentOn projections
FINANCIALSUSTAINABILITYOF THE PENSIONSYSTEM
ADEQUACY OF PENSIONS
4
plan.be
THE MALTESE SYSTEM: MODEL FOR ANALYSIS OF LONG TERMEVOLUTION OF SOCIAL EXPENDITURE
5
SOCIAL BENEFITS EXPENDITURE BY SCHEME AND REGIME
SOCIODEMOGRAPHICSCENARIO
DEMOGRAPHICSCENARIO
SOCIODEMOGRAPHIC PROJECTIONBy age group and gender
SOCIAL SECURITY ACCOUNTSRevenues, expenditures, balance, debtSOCIAL POLICY
SCENARIO
BUDGETARY POLICY SCENARIO
GENERAL GOVERNMENT ACCOUNTSRevenues, expenditures, balance, debt
plan.be
MIDAS - Microsimulation for the Development of Adequacy and Sustainability
Starting dataset: the Panel Dataset on Belgian Households PSBH of 2002
DEMOGRAPHICMODULE
LABOUR MARKETMODULE
PENSION & BENEFITS MODULE
t+1
Mortality, fertility, education,‘marriage market’Employment, public and privatesector, civil servants, unemployment,disability, CELS, retirementHours of work per month, months of work per year,earnings per hour
1. Both MIDAS and MALTESE include all policy measures introduced up to 2009, including the increases by 17 en 13.7% of the minimum right per career year and the Guaranteed Income of the Elderly between 2006 and 2007.
2. Both models apply the parameters of the Generational pact :• wage ceiling and minimum right per career year in employees’