References of "Jousten, Alain"
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See detailBringing Belgian public finances to a sustainable path
Jousten, Alain ULg; Hoj, Jens; Kozluk, Tomasz

E-print/Working paper (2012)

Economic growth is projected to be strengthening from mid-2011 onwards, but will be insufficient to restore the sustainability of public finances. The Belgian strategy to prefund ageing costs by ... [more ▼]

Economic growth is projected to be strengthening from mid-2011 onwards, but will be insufficient to restore the sustainability of public finances. The Belgian strategy to prefund ageing costs by generating fiscal surpluses to bring down public debt was derailed by the global crisis. Restoring the strategy is a priority, especially as spreads on Belgian debt have increased. This will require cuts in public spending, improving efficiency of policies, containing the growth of ageing-related costs and making the tax system more conducive to growth. While past experiences, such as in the 1990s, have shown that successful large consolidations are feasible, the task seems even more difficult this time as potential growth will be muted and interest rates are likely to increase. In this context, a credible fiscal consolidation plan requires the participation of all governments. Its effectiveness can be strengthened by improving the fiscal framework, in particular by introducing multi-year budgets, annual expenditure rules consistent with long-term targets and an enhanced role of an independent fiscal policy watchdog [less ▲]

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See detailAddressing the Legacy Costs in an NDC Reform: Conceptualization, Measurement, Financing
Jousten, Alain ULg; Holzmann, Robert

in Holzmann, Robert; Robalino, David; Palmer, Edward (Eds.) NDC Pension Schemes in a Changing Pension World, Volume 2: Gender, Politics, and Financial Stability (2012)

The paper provides a framework for the conceptualization, definition and estimation of legacy costs that need to be addressed in a reform that transforms an unfunded defined contribution (NDB) scheme into ... [more ▼]

The paper provides a framework for the conceptualization, definition and estimation of legacy costs that need to be addressed in a reform that transforms an unfunded defined contribution (NDB) scheme into a notional (or non-financial) defined contribution (NDC) scheme. As the new contribution rate is fixed and, perhaps, reduced, paying for the accrued to date liabilities leaves a financing gap that needs to be covered. The paper comes to the following key conclusions: (i) to render an NDC reform credible and fully effective in its desired results, it is crucial to determine the legacy costs of the reformed system – no matter how these costs will be financed; (ii) for a shift from an NDB scheme to a full NDC scheme with a fixed and long-term-sustainable contribution rate the legacy costs simply amounts to the actuarial deficit at the time of reform and is finite; (iii) different sources of the legacy deficit may be differentiated, in particular inherited legacy costs reflecting prior reforms and benefits above the steady-state under the old scheme; and reform-induced new legacy costs due to the shift toward a lower sustainable contribution rate; (iv) to estimate legacy costs, actuarially and macro-economically based projection models have advantages over pure actuarial studies, as they are less dependent on very technical parameter assumptions that may not be consistent with general equilibrium considerations; (v) distributive effects play both at the intergenerational and intra-generational level, as benefits and costs of the reform are borne unequally by different subgroups of the current and future population; (vi) in the developing world, one promising way to finance the legacy costs is the use of an increased coverage to strengthen the PAYG asset; (vii) for developed countries, theoretical models show that tax financing in particular via indirect taxes such as VAT is an interesting tool, but empirical limitations tend to dampen the real-world usefulness. [less ▲]

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See detailPréface
Jousten, Alain ULg

in Darte, Dominique; Honhon, Nicolas; Van Acker, Luc (Eds.) L'impôt des personnes physiques (2012)

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See detailDisability in Belgium: There is More than Meets the Eye
Jousten, Alain ULg; Lefebvre, Mathieu ULg; Perelman, Sergio ULg

in Wise, David (Ed.) Social Security and Retirement around the World: Historical Trends in Mortality and Health, Employment, and Disability Insurance Participation and Reforms (2012)

The paper provides a perspective on the development of the Belgian disability insurance system. Using both survey and administrative data, it sketches a picture of the (changing) factors leading towards ... [more ▼]

The paper provides a perspective on the development of the Belgian disability insurance system. Using both survey and administrative data, it sketches a picture of the (changing) factors leading towards disability, as well as the outcomes in terms of program participation. The paper shows the key role of integrating other forms of early retirement programs into the analysis. The main findings are an unspectacular trend in the number of DI beneficiaries over time combined with a strong expansion of (early-) retirement schemes. [less ▲]

Detailed reference viewed: 67 (13 ULg)
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See detailPolitique fiscale: quelles perspectives à moyen terme?
Jousten, Alain ULg

E-print/Working paper (2011)

The paper discusses the medium term adequacy of belgian tax policy. The paper reviews the architecture of the current system as well as its recent reforms. It draws on international experience to ... [more ▼]

The paper discusses the medium term adequacy of belgian tax policy. The paper reviews the architecture of the current system as well as its recent reforms. It draws on international experience to highlight the need for substantial structural reforms of the main tax instuments. [less ▲]

Detailed reference viewed: 126 (19 ULg)
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See detailThe changing face of disability insurance
Jousten, Alain ULg; Lefebvre, Mathieu ULg; Perelman, Sergio ULg

E-print/Working paper (2011)

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See detailAlternative ways of financing social insurance in Latin America
Jousten, Alain ULg; Gillingham, Robert

Conference (2011, June)

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See detailRetirement incentives in Belgium
Jousten, Alain ULg

Conference (2011)

Detailed reference viewed: 8 (1 ULg)
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See detailChapter 1: Bringing public finances to a sustainable path
Jousten, Alain ULg; Hoj, Jens; Kozluk, Tomasz

in OECD (Ed.) OECD Economics Surveys: Belgium (2011)

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See detailSocial policy Challenges in Belgium
Jousten, Alain ULg

Conference (2011)

Detailed reference viewed: 20 (4 ULg)
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See detailPolitique fiscale en Belgique : Quelles perspectives?
Jousten, Alain ULg

in Traversa, Edoardo; Deckers, Vincent; Helleputte, Charles-Albert (Eds.) et al Les dialogues de la fiscalité – Anno 2010 (2010)

Detailed reference viewed: 67 (10 ULg)
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See detailPolitique fiscale : quelles perspectives à moyen terme?
Jousten, Alain ULg

Conference (2010, February)

Detailed reference viewed: 25 (13 ULg)
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See detailPolitique fiscale: Quelles perspectives?
Jousten, Alain ULg

Conference (2010, January)

Detailed reference viewed: 15 (9 ULg)
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See detailThe effects of early retirement on youth unemployment: the case of Belgium
Jousten, Alain ULg; Lefebvre, Mathieu ULg; Pestieau, Pierre ULg et al

in Gruber, Jonathan; Wise, David (Eds.) Social Security Programs and Retirement around the World: The Relationship to Youth Employment (2010)

Detailed reference viewed: 79 (33 ULg)
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See detailDisability in Belgium: There is More than Meets the Eye
Jousten, Alain ULg; Perelman, Sergio ULg; Lefebvre, Mathieu ULg

Report (2010)

The paper provides a perspective on the development of the Belgian disability insurance system. Using both survey and administrative data, it sketches a picture of the (changing) factors leading towards ... [more ▼]

The paper provides a perspective on the development of the Belgian disability insurance system. Using both survey and administrative data, it sketches a picture of the (changing) factors leading towards disability, as well as the outcomes in terms of program participation. The paper shows the key role of integrating other forms of early retirement programs into the analysis. The main findings are an unspectacular trend in the number of DI beneficiaries over time combined with a strong expansion of (early-) retirement schemes. [less ▲]

Detailed reference viewed: 18 (3 ULg)
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See detailAddressing the Legacy Costs in Introducing NDC
Jousten, Alain ULg; Holzmann, Robert

Conference (2009, December)

Detailed reference viewed: 13 (3 ULg)
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See detailFinancing social pensions
Jousten, Alain ULg

in Holzmann, Robert; Robalino, David; Takayama, Noriyuki (Eds.) Closing the coverage gap (2009)

The impact of social pensions on public finances is the focus of this chapter. In the next section, we position the topic of social pensions in the broader context of other social assistance and insurance ... [more ▼]

The impact of social pensions on public finances is the focus of this chapter. In the next section, we position the topic of social pensions in the broader context of other social assistance and insurance programs. The third section discusses the policy options that governments have with respect to the financing of such social pension programs. The final section summarizes the key conclusions. [less ▲]

Detailed reference viewed: 34 (12 ULg)
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See detailThe Effects of Early Retirement on Youth Unemployment: The Case of Belgium
Jousten, Alain ULg

Conference (2008)

The paper studies the effect of the pension system on the unemployment of the young

Detailed reference viewed: 72 (30 ULg)
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See detailPublic Pension Reform: A Primer
Jousten, Alain ULg

E-print/Working paper (2007)

The present paper reviews key issues in pension design and pension reform encountered all <br />across the world. The paper heavily refers to the recent U.S. Social Security reform debate in <br />general ... [more ▼]

The present paper reviews key issues in pension design and pension reform encountered all <br />across the world. The paper heavily refers to the recent U.S. Social Security reform debate in <br />general and to the Personal Retirement Accounts proposal in particular. A particular <br />emphasis is put on annuitization and risk-taking in the economy. Our discussion signals some <br />inadequacy of the proposed measures with respect to the goals of viability of the system and <br />individual financial security during retirement. [less ▲]

Detailed reference viewed: 41 (24 ULg)