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This paper develops the concept of generational imbalance within a broader framework of financial sustainability in the … of long-term societal demographic trends. We argue that a financial sustainability framework identifies material … trusts, developing statements of financial sustainability and comparing performance measures based on the existing accrual …
Persistent link: https://www.econbiz.de/10013038036
This paper investigates the fiscal pressure from demographic change in relation to the labour marketspace for fifty countries that cover 75% of the world population. The pressure-to-space indicator ranks Poland, Turkey and Greece high. Apart from Turkey and India, developing countries rank low...
Persistent link: https://www.econbiz.de/10011524903
The world's population is aging. Virtually no nation is immune to this demographic trend and the challenges it brings for future generations. Relative growth of the elderly population is fueling debate about reform of social security programs in the United States and other developed nations. In...
Persistent link: https://www.econbiz.de/10003720607
Inevitable population aging and slower population growth will affect the economies of all nations in ways influenced by cultural values, institutional arrangements, and economic incentives. One outcome will be a tendency toward increased capital intensity, higher wages, and lower returns on...
Persistent link: https://www.econbiz.de/10014023480
This paper investigates the fiscal pressure from demographic change in relation to the labor market space for fifty countries that cover 75% of the world population. The pressure-to-space indicator ranks Poland, Turkey and Greece high. Apart from Turkey and India, developing countries rank low...
Persistent link: https://www.econbiz.de/10013113360
Demographic change across the globe puts pressure on labour markets and public finances. Most studies on ageing focus on the projected development of the old age dependency ratio, being the ratio of persons 65 or older relative to the working age population. This ratio gives a very incomplete...
Persistent link: https://www.econbiz.de/10013114462
This monograph surveys the results of government intervention in the market for retirement income provision throughout the world. The authors begin by looking at high-income democracies in which governments have, to a large degree, taken over the function of providing pensions. They find that...
Persistent link: https://www.econbiz.de/10013158842
The world's population is aging. Virtually no nation is immune to this demographic trend and the challenges it brings for future generations. Relative growth of the elderly population is fueling debate about reform of social security programs in the United States and other developed nations. In...
Persistent link: https://www.econbiz.de/10014056536
How much of an internal rate of return would a sustainable pay-as-you-go pension system offer current and future generations equally? The answer is the sum of the Long-Run Biological Interest Rates (LBIR), the real-world equivalent of Samuelson's (1958) biological interest rate, and future...
Persistent link: https://www.econbiz.de/10012956469
Extreme weather events and nuisance flooding are increasing, with communities already experiencing impacts. Both the identification of local hazards and the assessment of local vulnerabilities can protect people, their property, and their livelihoods. This paper provides an overview for local...
Persistent link: https://www.econbiz.de/10014136101