Demographic Transition, Pension Schemes' Investment, and the Financial Market PDF Download
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Author: Roongkiat Ratanabanchuen
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
Author: Roongkiat Ratanabanchuen
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
Author: Alan J. Auerbach
Publisher: Springer Science & Business Media
ISBN: 3662047799
Category : Business & Economics
Languages : en
Pages : 353
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Book Description
The book gives an overview of the implications of population ageing on economic development and financial systems. It describes several challenges which the ageing process poses for central banks, giving special consideration to the situation in Europe. The first two chapters discuss the relationship between ageing and saving and between ageing and international capital flows. Other chapters consider the possible implications for financial markets. The final part raises issues which are of particular relevance for central banks, namely ageing and financial stability and how ageing will affect monetary policy.
Author: Robert Holzmann
Publisher: World Bank Publications
ISBN:
Category : Business & Economics
Languages : en
Pages : 196
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Book Description
Population aging is a worldwide phenomenon, but it is particularly advanced in highly developed northern countries. The retirement of the baby-boom generation in these rich countries will impose additional, albeit temporary, pressure on their pension systems. To cope with this pressure, reforms have been introduced that have lessened the generosity of publicly provided pension benefits. By design and by implication, this change increases the importance of mandatory and voluntary funded retirement schemes in smoothing consumption across the life cycle. The first three chapters of this book investigate questions germane to pension systems in the Central, Eastern, and Southern Europe (CESE) economies: the extent to which pension systems were prepared to deal with multi pillar pension reform, how to foster the development of financial systems so that they can better support funded systems, and how ready the systems are for the approaching payout of benefits as the first participants in the funded pillar approach retirement age. The remaining three chapters investigate broader questions facing pension systems in both developed and emerging countries: the capacity of the financial markets to deliver sufficiently high net rates of return, the benefits and disadvantages of investment in emerging markets, and the effect of aging on the rates of return afforded by funded and unfunded schemes.
Author: OECD
Publisher: OECD Publishing
ISBN: 9264035761
Category :
Languages : en
Pages : 117
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Book Description
This OECD 2005 report, prepared at the request of Deputies of the G10, reviews economic consequences of ageing populations for financial markets and recommends that governments help facilitate development of financial instruments to support retirement savings and pensions.
Author: Marten Hillebrand
Publisher: Springer Science & Business Media
ISBN: 3540779728
Category : Political Science
Languages : en
Pages : 178
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Book Description
Due to the accelerating demographic change of the population the reform of the existing pension systems constitutes one of the greatest political challenges in most European countries. A theoretical discussion of different pension reforms must incorporate not only the demographic aspect but also the role of financial market risk and the impact on production and employment. These notes develop a dynamic macroeconomic model which incorporates these aspects within a flexible theoretical framework. The proposed approach provides a large scale population model and features a sound description of the production side as well as of the financial side of the economy and their interactions with the pension system. Within this framework various adjustment policies of the pension system are studied under different population scenarios. The consequences for the economy and the welfare of consumers are analyzed and compared.
Author: Marta Peris-Ortiz
Publisher: Springer Nature
ISBN: 3030379124
Category : Business & Economics
Languages : en
Pages : 487
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Book Description
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.
Author: Anthony Neuberger
Publisher: Centre for Economic Policy Research
ISBN: 9781898128816
Category : Capital market
Languages : en
Pages : 100
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Book Description
David McCarthy and Anthony Neuberger review the research that has been done internationally in the area of pensions policy.
Author: Marida Bertocchi
Publisher: John Wiley & Sons
ISBN: 0470585692
Category : Business & Economics
Languages : en
Pages : 377
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Book Description
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.
Author: Richard Cragg
Publisher: Financial Times/Prentice Hall
ISBN:
Category : Business & Economics
Languages : en
Pages : 296
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Book Description
Examining the cause and effect of a population explosion, this text highlights the trends driving the crisis, explains their potential impact on our collective financial future, and offers a course of action to turn crisis into opportunity.
Author: Mr.Robert Holzmann
Publisher: International Monetary Fund
ISBN: 1451950756
Category : Business & Economics
Languages : en
Pages : 52
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Book Description
The Chilean pension reform of 1981, in which Chile moved from an unfunded to a funded scheme, is considered to have contributed to this country’s excellent economic performance since the mid-1980s. The paper highlights the theoretical underpinnings of the claimed economic effects and presents empirical data and preliminary econometric testing of the conjectured growth, capital formation, and saving effects. The empirical evidence is consistent with most of the claims. In particular, the direct impact of financial market development on private saving is found to be negative, which underscores the importance of sound fiscal policy and public saving to support the transition.
