Aging Populations and Public Pension Schemes

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Author :
Publisher : International Monetary Fund
ISBN 13 : 9781557756206
Total Pages : 56 pages
Book Rating : 4.7/5 (562 download)

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Book Synopsis Aging Populations and Public Pension Schemes by : Sheetal K. Chand

Download or read book Aging Populations and Public Pension Schemes written by Sheetal K. Chand and published by International Monetary Fund. This book was released on 1996-12-30 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses a study analyzing aging populations and public pension schemes. An aging society is characterized by a growing proportion of the retired to the active working population. The study examines the pension-related aging problem primarily from a fiscal perspective. It analyzes how prospective demographic developments that affect the proportion of the pensionable elderly affect pension outlays. It confirms that very serious fiscal stresses are in prospect for most industrial economies. Addressing such problems satisfactorily will require major actions early, given the long lead times involved in reforming a pension fund's financial position.

The Political Future of Social Security in Aging Societies

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Publisher : MIT Press
ISBN 13 : 026257246X
Total Pages : 279 pages
Book Rating : 4.2/5 (625 download)

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Book Synopsis The Political Future of Social Security in Aging Societies by : Vincenzo Galasso

Download or read book The Political Future of Social Security in Aging Societies written by Vincenzo Galasso and published by MIT Press. This book was released on 2006 with total page 279 pages. Available in PDF, EPUB and Kindle. Book excerpt: A quantitative analysis of the political sustainability of social security reform in France, Germany, Italy, Spain, the UK, and the US, with the suggestion that population aging will lead to more pension spending and that raising the retirement age is the most politically viable reform measure.

Aging Societies

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Publisher : Brookings Institution Press
ISBN 13 : 9780815791300
Total Pages : 348 pages
Book Rating : 4.7/5 (913 download)

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Book Synopsis Aging Societies by : Barry P. Bosworth

Download or read book Aging Societies written by Barry P. Bosworth and published by Brookings Institution Press. This book was released on 1998-05-01 with total page 348 pages. Available in PDF, EPUB and Kindle. Book excerpt: By 2030, when most American baby boomers will have retired, all the large industrial economies will see a massive increase in the old age population. This book examines population aging and its implications for public retirement programs in the five largest industrial economies--Britain, France, Germany, Japan, and the United States. The authors report on national demographic trends, examine the current living conditions of the aged population, explain the structure of the retirement system, and offer estimates of future budgetary costs of the public programs. They also discuss national debates over the potential reform of public retirement systems. While all five countries share the prospect of an older population, variations in the size and timing of demographic change, as well as important differences in the structure of public programs for the elderly, suggest that population aging will have widely different implications in each country. In Germany and Japan, for example, the population will not only grow older but may actually decline because of low birth rates. The United States will experience less aging, but its debate over reform treats seriously the possibility of privatizing public retirement commitments.

Ageing and Pension Reform Around the World

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Author :
Publisher : Edward Elgar Publishing
ISBN 13 : 1845423372
Total Pages : 292 pages
Book Rating : 4.8/5 (454 download)

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Book Synopsis Ageing and Pension Reform Around the World by : Giuliano Bonoli

Download or read book Ageing and Pension Reform Around the World written by Giuliano Bonoli and published by Edward Elgar Publishing. This book was released on 2006-01-01 with total page 292 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is an admirable example of a multi-authored comparative book. The two editors set the scene very carefully in the opening chapter and the subsequent chapters follow the framework set out and use the concepts explored there. In this never simple policy area, national systems are explained as clearly as possible by each author. Michael Hill, Journal of Social Policy This is an enlightening introduction to the global dimensions and complexity of pension reform. Recommended. J.F. O Connell, Choice Population ageing and the resulting pressures on existing pension systems constitutes one of the most important challenges modern societies will have to face over the coming decades. Although governments have responded to such pressures by adopting a plethora of pension reforms, the adaptation process is far from over. This book comprehensively documents developments in pension policy in eleven advanced industrial countries in Western Europe, East Asia and North America. In order to explore what population ageing means for the sustainability of pension systems, the authors present a detailed review of pension policy making over the past two decades and provide up-to-date analysis of current pension legislation. They examine the factors that can facilitate or impede the adaptation of pension systems and the features that shape and determine reforms. They also highlight the fact that although the path of reform taken by each country is somewhat different, the processes at work are often very similar. Ageing populations throughout the world are extremely reluctant to see their pension systems dismantled and are therefore prepared to mobilise in their defence. This process of mobilisation interacts with demographic pressures and institutional constraints to help determine the future direction of pension policy. The breadth of geographic coverage provides an almost global picture of the impact of ageing on pension reform, at least in terms of high income countries. Academics and students with an interest in economics, social policy, sociology and political science will find this a worthwhile and rewarding volume. It will also be of value to policymakers interested in how the problem of unsustainable pension systems can be resolved.

Rethinking Public Pension Reform Initiatives

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Publisher : International Monetary Fund
ISBN 13 : 1451848145
Total Pages : 31 pages
Book Rating : 4.4/5 (518 download)

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Book Synopsis Rethinking Public Pension Reform Initiatives by : Mr.Peter S. Heller

Download or read book Rethinking Public Pension Reform Initiatives written by Mr.Peter S. Heller and published by International Monetary Fund. This book was released on 1998-04-01 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper argues that there are significant risks, limitations, and complications associated with reliance upon mandatory DC, fully funded schemes as the dominant public pension pillar. Policies to limit risks may result in the government being reinjected into playing an important financial role in the provision of social insurance. For many countries, the principal source of old age support should thus derive from a well-formulated, public DB pillar, with a significant amount of prefunding. A DC/FF pillar can play a useful supplemental role in a multi-pillar system for the accumulation of pension savings.

Social Security, Household, and Family Dynamics in Ageing Societies

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Publisher : Springer Science & Business Media
ISBN 13 : 9401584419
Total Pages : 276 pages
Book Rating : 4.4/5 (15 download)

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Book Synopsis Social Security, Household, and Family Dynamics in Ageing Societies by : Jean-Pierre Gonnot

Download or read book Social Security, Household, and Family Dynamics in Ageing Societies written by Jean-Pierre Gonnot and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 276 pages. Available in PDF, EPUB and Kindle. Book excerpt: Many industrialized countries are facing large problems with their public pension systems in the 21st century. An unfavourable age distribution, with lower population shares in working ages and increasing shares and numbers of elderly persons in the future will lead, under current pension systems, to a drop in contributions and at the same time to sharply rising amounts of benefits paid. This book analyzes the impact of dynamics in age structure and marital status composition on future public pension expenditures in twelve industrialized countries. It shows that there is no demographic response to population ageing at the horizon 2030. Neither an increase in fertility nor an inflow of migrants can rejuvenate national populations, unless fertility and/or migration reach unrealistically high levels. Therefore, the overall conclusion of this book is that demographic variables are of limited help to relieve the burden of future public pension expenditures. Substantial reductions of the public pension burden have to be sought in socioeconomic measures, and not in adjusting demographic conditions. The book includes various demographic and pension scenarios for pension costs in the coming decades for Austria, Canada, the Czech and Slovak Republics, Finland, France, Germany, Hungary, Italy, the Netherlands, Norway, Poland, and Sweden. Not only old age pensions, but also disability and survivor pensions have been investigated. Variant projections were calculated for changes in demographic, labour force, and pension system variables. In addition, separate case studies for three countries deal with: a pension system in Austria in which benefits depend on the number children ever born; the impact of household dynamics on social security in the Netherlands, not just marriage and marriage dissolution; and with the consequences of economic growth for public pensions in Sweden.

Optimizing the Aging, Retirement, and Pensions Dilemma

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Author :
Publisher : John Wiley & Sons
ISBN 13 : 0470585692
Total Pages : 377 pages
Book Rating : 4.4/5 (75 download)

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Book Synopsis Optimizing the Aging, Retirement, and Pensions Dilemma by : Marida Bertocchi

Download or read book Optimizing the Aging, Retirement, and Pensions Dilemma written by Marida Bertocchi and published by John Wiley & Sons. This book was released on 2010-01-06 with total page 377 pages. Available in PDF, EPUB and Kindle. Book excerpt: A straightforward guide focused on life cycle investing-namely aging, retirement, and pensions Life cycle investing and the implications of aging, retirement, and pensions continues to grow in importance. With people living longer, the relative and absolute number of retirees is growing while the number of workers contributing to pension funds is declining. This reliable resource develops a detailed economic analysis-at the micro (individual) and macro (economy wide) levels-which addresses issues regarding the economics of an aging population. Topics touched upon include retirement and the associated health care funding of the aged as well as social security and the asset classes that are considered asset-liability choices over time. The probability of achieving adequate return patterns from various investment strategies and asset classes is reviewed Shares rich insights on the aging, retirement, and pensions dilemma An assessment of the resources the real economy will be able to commit to non-workers is provided The three pillars of retirement are social security, company pensions, and private savings. Each of these pillars is confronted with a variety of asset-liability problems, and this book will addresses them.

Aging and the Macroeconomy

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Publisher : National Academies Press
ISBN 13 : 0309261961
Total Pages : 230 pages
Book Rating : 4.3/5 (92 download)

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Book Synopsis Aging and the Macroeconomy by : National Research Council

Download or read book Aging and the Macroeconomy written by National Research Council and published by National Academies Press. This book was released on 2013-01-10 with total page 230 pages. Available in PDF, EPUB and Kindle. Book excerpt: The United States is in the midst of a major demographic shift. In the coming decades, people aged 65 and over will make up an increasingly large percentage of the population: The ratio of people aged 65+ to people aged 20-64 will rise by 80%. This shift is happening for two reasons: people are living longer, and many couples are choosing to have fewer children and to have those children somewhat later in life. The resulting demographic shift will present the nation with economic challenges, both to absorb the costs and to leverage the benefits of an aging population. Aging and the Macroeconomy: Long-Term Implications of an Older Population presents the fundamental factors driving the aging of the U.S. population, as well as its societal implications and likely long-term macroeconomic effects in a global context. The report finds that, while population aging does not pose an insurmountable challenge to the nation, it is imperative that sensible policies are implemented soon to allow companies and households to respond. It offers four practical approaches for preparing resources to support the future consumption of households and for adapting to the new economic landscape.

Aging Populations and Public Pensions Scheme

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Author :
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (643 download)

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Book Synopsis Aging Populations and Public Pensions Scheme by : S. Chand

Download or read book Aging Populations and Public Pensions Scheme written by S. Chand and published by . This book was released on 1996 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Challenge of Public Pension Reform in Advanced and Emerging Economies

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Author :
Publisher : International Monetary Fund
ISBN 13 : 147556631X
Total Pages : 86 pages
Book Rating : 4.4/5 (755 download)

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Book Synopsis The Challenge of Public Pension Reform in Advanced and Emerging Economies by : Mr.Benedict J. Clements

Download or read book The Challenge of Public Pension Reform in Advanced and Emerging Economies written by Mr.Benedict J. Clements and published by International Monetary Fund. This book was released on 2013-01-25 with total page 86 pages. Available in PDF, EPUB and Kindle. Book excerpt: Pension reform is high on the policy agenda of many advanced and emerging market economies. In advanced economies the challenge is generally to contain future increases in public pension spending as the population ages. In emerging market economies, the challenges are often different. Where pension coverage is extensive, the issues are similar to those in advanced economies. Where pension coverage is low, the key challenge will be to expand coverage in a fiscally sustainable manner. This volume examines the outlook for public pension spending over the coming decades and the options for reform in 52 advanced and emerging market economies.

Economic Challenges of Pension Systems

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Publisher : Springer Nature
ISBN 13 : 3030379124
Total Pages : 487 pages
Book Rating : 4.0/5 (33 download)

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Book Synopsis Economic Challenges of Pension Systems by : Marta Peris-Ortiz

Download or read book Economic Challenges of Pension Systems written by Marta Peris-Ortiz and published by Springer Nature. This book was released on 2020-03-20 with total page 487 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the major economic challenges associated with the sustainability of public pensions, specifically demographic change, labor-market relations, and risk sharing. The issue of public pensions occupies the political and economic agendas of many major governments in the world. International organizations such as the World Bank and the OECD warn that the economic changes driven by an aging society negatively affects the sustainability of pension systems. This book analyzes different global public pension systems to offer policies, methods and tools for sustainable public pensions. Real case studies from France, Sweden, Latin America, Algeria, USA and Mexico are featured.

Ageing, Social Security and Affordability

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Publisher : Routledge
ISBN 13 : 0429872461
Total Pages : 511 pages
Book Rating : 4.4/5 (298 download)

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Book Synopsis Ageing, Social Security and Affordability by : Theodore. R Marmor

Download or read book Ageing, Social Security and Affordability written by Theodore. R Marmor and published by Routledge. This book was released on 2018-12-13 with total page 511 pages. Available in PDF, EPUB and Kindle. Book excerpt: First published in 1998. This volume (the second of a twin set grouping articles based on papers presented at seminars in Sigtuna, Sweden, during 1994 – 1996) deals with the largest spending programs of the welfare state – old age pensions and medical care, and their place within debates about the desirability and affordability of modern social programs. The volume is divided into four parts. The first part deals with general welfare state issues, cross-cutting themes and characterizations of whole systems within such diverse disciplines as social law, sociology and economics. Part two deals with old age pension reform. The countries discussed have widely different geographical, cultural and historical backgrounds. Part three takes up a number of interesting topics under the heading of health care reform. Part four deals with a substantial issue located and the juncture of aging, affordability, pensions and especially health care: increased longevity (and population aging) and the associated disability and frailty. What effect will these have on the future of modern welfare states?

Pension Sustainability in China

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Publisher : Routledge
ISBN 13 : 1000483479
Total Pages : 159 pages
Book Rating : 4.0/5 (4 download)

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Book Synopsis Pension Sustainability in China by : Randong Yuan

Download or read book Pension Sustainability in China written by Randong Yuan and published by Routledge. This book was released on 2021-11-29 with total page 159 pages. Available in PDF, EPUB and Kindle. Book excerpt: Pension Sustainability in China: Fragmented Administration and Population Aging aims to investigate the impact of fragmentation and population ageing on pension sustainability in China. The book demonstrates how pension sustainability is compromised by various adverse effects produced by fragmentation, such as the moral hazard caused by the disarticulated intergovernmental fiscal responsibility. An overlapping generations (OLG) model is updated with the latest demographic data and is used to assess the impact of population ageing on pension sustainability. The book considers whether adjustment in retirement age can ensure long-term financial sustainability. It explores how, compared to the population ageing, the issues stemming from the fragmentation pose a more insidious threat to pension sustainability in China.

Challenges of Aging

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Publisher : Springer
ISBN 13 : 1137283173
Total Pages : 304 pages
Book Rating : 4.1/5 (372 download)

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Book Synopsis Challenges of Aging by : C. Torp

Download or read book Challenges of Aging written by C. Torp and published by Springer. This book was released on 2015-06-15 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt: Population ageing is among the most important developments of our time. This book explores the profound challenges faced by an aging world. Leading experts from diverse disciplines describe the fundamental impact demographic aging has on pension systems, on the concepts of retirement and old age, and on the balance of generational justice.

Demographics, Pension Systems and the Saving-Investment Balance

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1484390407
Total Pages : 21 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis Demographics, Pension Systems and the Saving-Investment Balance by : Hua Chai

Download or read book Demographics, Pension Systems and the Saving-Investment Balance written by Hua Chai and published by International Monetary Fund. This book was released on 2018-12-07 with total page 21 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper studies the effect of demographic change on national saving, global interest rates, and international capital flows, focusing on the role of the public pension system. We develop a small open economy overlapping generations model to illustrate the channels through which demographic variables and pension system generosity interact to affect both private and public saving behavior. We then extend this framework to a two-country setting and simulate scenarios of demographic change and pension reform. We find that the generosity of the pension system plays an important role in determining the movement of the global interest rate and patterns of international capital flows.

The Future of Saving

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1484388992
Total Pages : 47 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis The Future of Saving by : Mr.David Amaglobeli

Download or read book The Future of Saving written by Mr.David Amaglobeli and published by International Monetary Fund. This book was released on 2019-01-15 with total page 47 pages. Available in PDF, EPUB and Kindle. Book excerpt: This SDN explores how demographic changes have affected and will affect public and private sector savings, highlighting the interaction between pension systems, labor markets, and demographic variables.

Assessing Chile's Pension System: Challenges and Reform Options

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Publisher : International Monetary Fund
ISBN 13 : 151359611X
Total Pages : 52 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Assessing Chile's Pension System: Challenges and Reform Options by : Samuel Pienknagura

Download or read book Assessing Chile's Pension System: Challenges and Reform Options written by Samuel Pienknagura and published by International Monetary Fund. This book was released on 2021-09-10 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: Chile’s pension system came under close scrutiny in recent years. This paper takes stock of the adequacy of the system and highlights its challenges. Chile’s defined contribution system was quite influential when introduced, and was taken as an example by other countries. However, it is now delivering low replacement rates relative to OECD peers, as its parameters did not adapt over time to changing demographics and global returns, while informality persists in the labor market. In the absence of reforms, the system’s inability to deliver adequate outcomes for a large share of participants will continue to magnify, as demographic trends and low global interest rates will continue to reduce replacement rates. In addition, recent legislation allowing for pension savings withdrawals to counter the effects from the COVID-19 pandemic, is projected to further reduce replacement rates and increase fiscal costs. A substantial improvement in replacement rates is feasible, via a reform that raises contribution rates and the retirement age, coupled with policies that increases workers’ contribution density.