Many countries will be confronted with ageing populations in the coming decades. This will crucially affect the economic outlook for the economy. Population changes directly affect the size of the labour force and consequently potential employment and output growth. Because the timing and magnitude of demographic changes varies significantly across regions, international capital flows will play an important role for the allocation of investment. This book offers a comprehensive treatment of ageing related issues based on a five region overlapping generations model and provides a quantitative assessment until 2050.
|Publisher:||Springer Berlin Heidelberg|
|Series:||European and Transatlantic Studies Series|
|Edition description:||Softcover reprint of hardcover 1st ed. 2004|
|Product dimensions:||6.10(w) x 9.25(h) x 0.24(d)|
Table of Contents
Economic and Financial Market Consequences of Global Ageing: Global Demographic Trends and Forecasts 1950 - 2050; How Is Ageing Likely to Impact Economically over the Next 50 Years: What Are the Main Transmission Mechanisms; Global Capital Market Developments, Current Account Imbalances and the Evidence for Age-Related International Capital Flows; Global Ageing Scenario 2000 - 2050; Policy Response: How Can the EU and the World as a Whole Effectively Deal with the Challenges of Ageing. EU Pension Reform - An Overview of the Debate and an Empirical Assessment of the Main Policy Reform Options: Overview of the Pension Reform Debate; Description of Model Used to Assess the Pension Reform Options; PAYG System: Economic Assessment of the Main Parametric/Labour Market Reform Options: What Is Needed to Bring the System Back into Equilibrium?; Systemic Reform: 2 Key Factors to Be Considered: Internal Rates of Return + Transition Burden; Economic Assessment of a Full/Partial Shift to Funding; An "Optimal" EU Pension Reform Strategy.- Annex: Member States Analysis; Detailed Description of the Ageing Model; Basic Data on Savings, Wealth Holdings and Retirement Income Financing; Results of Comparable Ageing Studies; Prefunding Within the PAYG System: Intergenerational Equity Objective.