@article{El-houjjaji_Echaoui_2020, title={Parametric reform analysis of the Moroccan public pension system}, volume={12}, url={https://journal.uii.ac.id/JEP/article/view/14789}, DOI={10.20885/ejem.vol12.iss1.art9}, abstractNote={<p><span class="fontstyle0">In 2016, the government of Morocco adopted a parametric reform<br />intended to deal with the critical financial situation of the CMR civilian<br />pension regime. We examine the robustness of this reform using the<br />Cohort-Component population projection model to the fund’s<br />population during the period 2014-2064. Then we lead a projection of<br />the scheme financial situation. Moreover, we project the status quo<br />situation and an alternative scenario where we propose to increase the<br />retirement age solely, and then compare the results with those of the<br />2016 parametric reform. </span><strong><span class="fontstyle2">Findings/Originality</span></strong><span class="fontstyle0"><strong>:</strong> For the three<br />scenarios, a parametric reform will have a limited effect on the financial<br />situation, in both the long and the short-term. In long run, it is not<br />sufficient to solve the problem of massive increase of pension scheme<br />deficits while in short run it is not sufficient to eliminate the existing<br />structural problems neither to avoid the future financial deficit.<br />Furthermore, our alternative scenario seems to have some more<br />advantages, comparing with the other scenarios.</span></p>}, number={1}, journal={Economic Journal of Emerging Markets}, author={El-houjjaji, Hind and Echaoui, Abdellah}, year={2020}, month={Jun.}, pages={105–118} }