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Population aging will be a major determinant of long-run economic development in industrial and developing countries. The extent of the demographic changes is dramatic in some countries and will deeply affect future labor, financial and goods markets. The expected strain on public budgets and...
Persistent link: https://www.econbiz.de/10003901593
Pension economics has traditionally guided pension policy with the help of formal models based on individuals who think in a life cycle context with perfect foresight, full information, and in a time-consistent manner. This paper sheds light on selected aspects of pension economics when these...
Persistent link: https://www.econbiz.de/10011635567
When the challenges of population aging are being debated, the uncertain future of pension systems is a topic of high priority and large controversy. The aim of this chapter is not to provide a “consensus view” on social security and public insurance in aging populations but to put structure...
Persistent link: https://www.econbiz.de/10014023471
In this paper we address the question whether in case of population ageing a transition from an unfunded to a more …
Persistent link: https://www.econbiz.de/10011399334
The study identifies three groups of problems in the Lithuanian pension environment: fiscal problems, poverty of retired people, and problems related to working and saving incentives. The future of the current pension system is suspect, as the population share of the elderly is increasing and...
Persistent link: https://www.econbiz.de/10010199300
Unsustainability of pension systems particularly in developed economies looms large on the horizon due to increasing life expectancy and continuous drop in fertility. In spite of a broad awareness of the issues, there is no consensus on appropriate remedy and little action. In this paper, I...
Persistent link: https://www.econbiz.de/10011716622
This paper was prepared in support of Japan’s G20 Presidency. It takes stock of ongoing and projected population ageing … ageing-related challenges and highlights good practices. A comprehensive approach is needed, tailored to each country …
Persistent link: https://www.econbiz.de/10012136129
Ageing is the major challenge for the PAYG pension systems in developed countries. Most of them are undergoing reforms …
Persistent link: https://www.econbiz.de/10011657538
run, particularly for rapidly ageing nations, but also entail non-negligible transitional costs. …
Persistent link: https://www.econbiz.de/10014292762
long term consequences of migration on regions that are not at the same stage in the ageing process. Concerning the regions … does not offset the effect of ageing in these regions, leaving room for pension reforms. Concerning the regions losing … the ageing process (and is already suffering from a declining population). -- CGEM ; Migration ; International capital …
Persistent link: https://www.econbiz.de/10003719730