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Searching with a thematic focus on Ageing, Finance policy
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Saving and demographic change: the global dimension
Center for Retirement Research, Boston College, 2007Falling long-term interest rates worldwide have led some policy-makers to speculate on the emergence of a glut of global saving. However, why is there a large saving shortfall in the United States, and why is there such a large excess in the rest of the world?DocumentSocial security and retirement reform: a second discussion paper
National Treasury, Government of South Africa, 2007South Africa’s social security reform challenge is unusual in several respects. A redistributive social assistance programme is in place and there are well-established occupational and individual retirement funding schemes, but South Africa lacks a basic, pooled, mandatory contributory system.DocumentPopulation aging, fiscal policies, and national saving: predictions for Korean economy
National Bureau of Economic Research, USA, 2006This paper evaluates the effects of population ageing and fiscal policies on national savings in Korea.DocumentShaping the future of social protection: access, financing and solidarity
United Nations [UN] Economic Commission for Latin America and the Caribbean, 2006The starting point for this study is the principle that a rights-based approach should be used in framing public policy. The study therefore seeks to address the challenge of combining the ethical aspect of social rights with viable ways of strengthening citizens’ entitlement to such rights in highly inequitable and relatively poor societies.DocumentHong Kong Special Administrative Region: macroeconomic impact of an aging population in a highly open economy
International Monetary Fund Working Papers, 2006This paper argues that if policies are left unchanged, population ageing could adversely affect growth and living standards in Hong Kong. While higher labour productivity growth and increased migration of younger skilled workers from the Chinese mainland, would attenuate the economic impact of ageing, they would not offset it fully.DocumentPension reform: issues and prospects for Non-Financial Defined Contribution (NDC) schemes
Pensions Online, World Bank, 2006The need to address the demographic and economic reform pressures while avoiding creating additional burdens for future workers has generated international interest in a new genre of pension systems, non-financial or notional defined contribution schemes (NDCs).DocumentBuilding human capital in an aging Mexico
Global Aging Initiative Program, 2005United Nations' figures project that in 2050 one in five Mexicans will be aged over 65 and there will be equal numbers of children and elderly.DocumentAgeing and pension system reform: implications for financial markets and economic policies
Organisation for Economic Co-operation and Development, 2005This paper examines the implications for financial markets and economic policies of pension system reform in the context of ageing populations in the G10 countries.The principal conclusions and recommendations are as follows:changes under way in public and private pension schemes may increase significantly the influence of retirement saving and related capital flows in financial marketsDocumentWill China eat our lunch or take us out to dinner? Simulating the transition paths of the U.S., EU, Japan and China
National Bureau of Economic Research, USA, 2005People in the developed world are ageing, and economic projections have shown how this demographic is likely to lead to capital shortage, reducing real wages per unit of human capital in order to compensate for benefit-related tax hikes. This paper posits that adding China to the model dramatically alters this prediction.Pages
