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Population aging and pension reform will have profound effects on international capital markets. First, demographic change alters the time path of aggregate savings within each country. Second this process may be amplified when a pension reform shifts old-age provision towards more pre-funding....
Persistent link: https://www.econbiz.de/10013227231
This paper explores how the Stability and Growth Pact (SGP) may cope with the future costs of population ageing in the European Union. Clearly, population ageing has forced countries to reform their pension systems, and will continue to do so, both by reducing the generosity of pension...
Persistent link: https://www.econbiz.de/10013111459
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implications of current policies for future public finances. This could be problematic, including in the case of Europe, where …, even in excess of its GDP level, and is projected to worsen further over time. This suggests that Europe's current policies …
Persistent link: https://www.econbiz.de/10013139619
implications of current policies for future public finances. This could be problematic, including in the case of Europe, where …, even in excess of its GDP level, and is projected to worsen further over time. This suggests that Europe’s current policies …
Persistent link: https://www.econbiz.de/10014402857
Previous research predicts an increasing financial deficit in Algeria's PAYG retirement system, mainly due to rapid population aging, and parametric adjustments will be insufficient to alleviate this imbalance. Mitigating the effects of population aging will necessitate further intervention. In...
Persistent link: https://www.econbiz.de/10014636717
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The majority of economies in the European Union are experiencing problems with the sustainability of pension systems … to give an external view of the sustainability of pension systems in the analyzed economies from an international … perspective, using different sustainability indicators. Not all of the examined pension systems are subject to the same challenges …
Persistent link: https://www.econbiz.de/10012118846