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Prefunding of pension commitments in OECD economies is increasingly seen as a central strategy to cope with the aging of their populations. This paper argues that investments in emerging markets can help at the margin but are unable to solve the demographic problem. While these investments bring...
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In a move that became front-page news around the world, China announced in late 2015 that it was abandoning its one … ever. And while aging populations are commonly believed to be a developed-markets issue, two-thirds of the world’s seniors …, South Korea, Thailand, and Argentina is approaching that of the developed world.The aging of the global population will have …
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This paper analyses to what extent working conditions in foreign-owned firms differ from those in their domestic counterparts. It makes three main contributions. First, we replicate the consensus in the empirical literature by applying a standardised methodology to firm-level data for three...
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