An Ex-Ante Assessment of the Proposal to Reform the Second Pillar of the Lithuanian Pension System
Karolis Bielskis,
Federica Brenna,
Jose Garcia-Louzao,
Stefan Girstmair and
Anup Mulay
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Karolis Bielskis: Bank of Lithuania
Anup Mulay: Bank of Lithuania
No 57, Bank of Lithuania Occasional Paper Series from Bank of Lithuania
Abstract:
This document offers an ex-ante assessment of the proposal to allow the withdrawal of funds from the second pillar of the Lithuanian pension system. First, we use a quantitative macroeconomic model to quantify, under alternative scenarios, the potential impact that the withdrawal of Pillar II funds might have on the economy in the medium term. Second, we offer a long-term view of the current pension replacement rates and the consequences that the withdrawal of funds might have for those individuals who decide to opt-out of Pillar II.
Pages: 32 pages
Date: 2025-04-14
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Persistent link: https://EconPapers.repec.org/RePEc:lie:opaper:57
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