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This paper sets out to analyse the impact of global ageing on the financeability of states. It covers issues regarding … cannot be run over the long term. The global ageing of the population fundamentally changes the financing environment of …
Persistent link: https://www.econbiz.de/10009391872
On top of the sovereign debt crisis in the European Union, demographic change is exerting enormous pressure on public finances. We analyse four policy options: lowering pension benefits, increasing labour market participation of the native population, immigration and participation of older...
Persistent link: https://www.econbiz.de/10010556721
The increase in worldwide life expectancy finds a major drawback in the higher-than-expected liabilities that annuity providers will face in the next few years by paying more retirees for a longer period of time. Longevity-Linked Securities have recently been subject to great interest from...
Persistent link: https://www.econbiz.de/10010610780
This chapter reviews the literature on intergenerational risk sharing (IRS). We explore to what extent and how a market economy with an appropriate institutional setting can replicate a social planner's solution in models with increasing levels of complexity. In particular, we do this for...
Persistent link: https://www.econbiz.de/10014023478
Background: Ageing and shrinking of the European population influence the shrinking of central places and the … spatial unit may change not only due to population ageing but also because these factors influence the migration flows of …
Persistent link: https://www.econbiz.de/10013542208
for the "said" ageing expenditures, This study attempts to analyze the effects of debt burdens known as interest charges … in relation to the pensions and health care spending, The "said" ageing expenditures since the debate on this issue doesn …'t allow us to say that these expenses are totally linked to ageing. Design/methodology/approach: This study conducts an …
Persistent link: https://www.econbiz.de/10014281275
Historical changes in the typical life-cycle do not conform to a simple model of equal-sharing in which additional years of life are equally distributed between time devoted to training, work and leisure. We have instead observed a quasi-general decline in the share of our life-cycles that is...
Persistent link: https://www.econbiz.de/10008539959
working ages, but without any questioning of the global ageing trend. We explain this result by isolating a concept of trend … ageing due to the pure role of life expectancy. Changes in fertility levels or in migration flows lead to deviations from …
Persistent link: https://www.econbiz.de/10008539992
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
The primary manifestation of the demographic transition in a modern economic context is through ageing and the primary … transmission from ageing to the macro economy is through its effect on saving and investment behavior. These two effects taken … together suggest a strong impact from the continuing process of ageing on international capital flows and global macroeconomic …
Persistent link: https://www.econbiz.de/10008544694