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China is well-placed to avoid the so-called “middle-income trap” and to continue to converge towards the more advanced economies, even though growth is likely to slow from near double-digit rates in the first decade of this millennium to around 7% at the 2020 horizon. However, in order to...
Persistent link: https://www.econbiz.de/10011277005
pensionable age will also help counter the effects of ageing. Lifting national saving, partly by targeting a higher public saving …
Persistent link: https://www.econbiz.de/10011276855
increase the labour force participation of youth, childbearing age women and the long-term unemployed. Finally, ageing should …
Persistent link: https://www.econbiz.de/10011276879
China’s population is set to age fast, owing to low fertility and rising life expectancy. With ongoing migration of the younger cohorts to urban areas the increase in the old-age dependency ratio will be even more pronounced in rural than in urban areas. Very different pension arrangements...
Persistent link: https://www.econbiz.de/10008542491
With population ageing, fiscal consolidation has become of paramount importance for euro area countries. Consolidation … can be pursued in various ways, with different effects on potential growth, which itself will be dragged down by ageing. A … pension replacement rates and repaying public debt through a lower ratio of non ageing-related outlays to GDP, c) raising the …
Persistent link: https://www.econbiz.de/10005045902
Brazil’s public pension expenditure is about 9 per cent of GDP, above the OECD average. Given that OECD countries are generally not only wealthier, but also significantly older, Brazil’s pension expenditures are clearly excessive, draining resources away from other areas, such as much needed...
Persistent link: https://www.econbiz.de/10005045960
This paper estimates and discusses some of the potential labour market implications arising from the rapid ageing of …
Persistent link: https://www.econbiz.de/10005046082
This paper presents a simulation framework developed to assess the impact of ageing on the financial sustainability of …
Persistent link: https://www.econbiz.de/10012630056
Productivity in Turkey has been growing stronger than in most peer countries since 2010 but has slowed down. Despite a remarkably entrepreneurial population, business dynamism has also been less vigorous in recent years. This working paper discusses the factors behind this slowdown and analyses...
Persistent link: https://www.econbiz.de/10012630062
Slovakia’s population is ageing rapidly, with the share of the working-age population expected to shrink by about a … fifth in the next 30 years. Ageing-related costs are projected to increase much more strongly than in other EU countries and … ageing will put pressure on potential growth and living standards. To prepare for an ageing society, pension, health and long …
Persistent link: https://www.econbiz.de/10013174616