Macroeconomic Effects of Social Security Totalization Agreements

The United States has signed international social security totalization agreements with 30 countries. For persons working in a foreign country during part of their careers, these agreements reduce double taxation on social security burdens and reduce the risk of not…

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Interest Rate Trends in a Global Context

Long-term interest rates have been falling globally since the early 1980s and have reached historically low levels. Past forecasts largely missed this secular decline. This paper reviews methodologies for making long-term interest rate projections. We synthesize results from studies that…

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Estimating the Effects of the Totalization Agreements

This project aims to quantify the effects of the totalization agreements that the United States has established since the late 1970s to coordinate its Social Security program with the comparable programs of other countries. Taking advantage of the fact that…

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The Effects of Totalization Agreements on Economic Activity

The United States has signed international Social Security agreements, i.e. totalization agreements, with 30 countries in Europe, Asia, and South America. Totalization agreements have several benefits for persons who work in a foreign country during part of their careers. A…

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Social Security Coverage around the World: The Case of China and Mexico

We describe the current state and recent trends in the landscape of social security programs in China, Mexico, and India. A common thread across these countries is the introduction and recent expansion of old-age pension programs with noncontributory components. We…

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Interest Rate Trends in a Global Context: Expanding the Evidence Base for Forecasting

Real interest rates have been declining both in the U.S. and across the developed world. Some of the underlying global economic conditions that are thought to have caused this decline (e.g., world population growth and productivity slowdowns) are expected to…

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Public Pension Design and Household Retirement Decisions: Cross-national Comparisons

This project aims to document household labor force participation responsiveness to social security program incentives in various countries. It will demonstrate anew the significance of these incentives using newly harmonized data on countries participating in the global Health and Retirement…

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