Social Security Household and Family Dynamics in Ageing Societies

Social Security  Household  and Family Dynamics in Ageing Societies

This book analyzes the impact of dynamics in age structure and marital status composition on future public pension expenditures in twelve industrialized countries.

Author: Jean-Pierre Gonnot

Publisher: Springer Science & Business Media

ISBN: 9789401584418

Category: Social Science

Page: 238

View: 854

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.
Categories: Social Science

Pensions and Population Ageing

Pensions and Population Ageing

This book will prove invaluable to students and scholars of public sector economics, welfare economics, social economics and public finance.

Author: John Creedy

Publisher: Edward Elgar Pub

ISBN: UOM:39015040150602

Category: Business & Economics

Page: 239

View: 927

Population ageing is an important trend which will be experienced in industrialized countries in the early years of the next century. This significant book examines aspects of population ageing and pensions, with an emphasis on the design and use of simple economic models to focus on particular aspects of a very broad problem. The analysis of pensions presents many complex problems. A major aim of this book is to demonstrate how reasonably simple economic models can be designed and used to shed some light on the issues involved in population growth and pension provision. The basic analytics of population growth and pension structure are first explored. Projections for Australia are examined and used to model ageing and social expenditure and to estimate the 'burden' of aged care on future workers. The author goes on to investigate pensions and pension finance, and examines several types of economic model before turning to the analysis of alternative pension arrangements using a lifetime simulation model. The results of the study suggest that both lower contribution rates and a universal pension encourage a later retirement age. This book will prove invaluable to students and scholars of public sector economics, welfare economics, social economics and public finance.
Categories: Business & Economics

Population Ageing Pensions and Growth

Population Ageing  Pensions and Growth

An exploration of the issues with respect to population ageing in particular, is the primary motivation for this book. Creedy, University of Melbourne; Guest, Griffith University, Australia.

Author: John Creedy

Publisher: Edward Elgar Pub

ISBN: STANFORD:36105124177721

Category: Business & Economics

Page: 328

View: 797

Many areas of economics require the evaluation of time streams of costs and benefits. An exploration of the issues with respect to population ageing in particular, is the primary motivation for this book. Creedy, University of Melbourne; Guest, Griffith University, Australia.
Categories: Business & Economics

Pension Sustainability in China

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.

Author: Randong Yuan

Publisher: Routledge

ISBN: 9781000483475

Category: Science

Page: 176

View: 505

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.
Categories: Science

Pensions in the European Union Adapting to Economic and Social Change

Pensions in the European Union  Adapting to Economic and Social Change

Increasingly there are calls for pay-as-you-go systems to be cut back and for funded systems to be expanded. This book contests the view that funding is the answer.

Author: Gerard Hughes

Publisher: Springer Science & Business Media

ISBN: 9781461545279

Category: Social Science

Page: 216

View: 906

The ageing, financial and labour market challenges facing the old age pension systems of the member states of the European Union are well known. Those who cast doubt on the ability of the present system of pension provision - at least to the extent that it is pay-as-you-go financed - to cope with the problems posed by these challenges are getting more vociferous. Increasingly there are calls for pay-as-you-go systems to be cut back and for funded systems to be expanded. This book contests the view that funding is the answer. It shows how adaptable the largely pay-as-you-go old age pension systems in the European Union are. Actuaries, economists, lawyers, political scientists, pension advisers, and sociologists, from nine European countries and the United States, consider four main themes: population ageing, competitiveness and retirement; pension financing and economic growth; adapting pension systems to meet change; and decision-making processes. They argue that pay-as-you-go-financed old age pension systems in the European Union have the ability to successfully adapt to economic and social change provided they do not take on too many non-insurance-related risks. Solving the problems of the labour market and controlling the direction and extent of economic development are beyond the powers of old age pension systems, regardless of how they are structured or financed. Separate budgets for separate risks is an indispensable principle if the complex processes of social protection are to be successfully managed, monitored, and made transparent. There can be no single plan for the future development of old age pension systems which would be universally valid for all the countries of the European Union. A single solution cannot take into account the special circumstances obtaining in every nation, and since respect for the special features of national systems is the basis of popular acceptance, the way forward is to reform existing systems in existing contexts.
Categories: Social Science

China s Population Aging and the Risk of Middle income Trap

China   s Population Aging and the Risk of    Middle income Trap

This book includes a series of reports that mainly discuss the Middle Income Trap against the backdrop of population ageing in China. It also offers practical suggestions on how to avoid it properly.

Author: Xueyuan Tian

Publisher: Springer

ISBN: 9789811049415

Category: Social Science

Page: 272

View: 231

This book includes a series of reports that mainly discuss the Middle Income Trap against the backdrop of population ageing in China. It also offers practical suggestions on how to avoid it properly. Concretely, it argues that the government should accelerate the transition of economic development modes, resolve concentrated social conflicts, promote a balanced rural and urban development during the process of urbanization, and mitigate the effects of population ageing by fostering strengths and avoiding weaknesses. As for the challenges posed by population ageing in China, it puts forward five core suggestions tailored to China’s unique situation. Assessing a number of real-world challenges, the general report and the special reports combine theory and empirical findings, using primary data for their analyses. Given the wealth of essential information it provides, the book offers a valuable reference resource for decision-makers.
Categories: Social Science

Pension Systems in East and Southeast Asia

Pension Systems in East and Southeast Asia

This book explores the second issue by examining the pension systems of eight countries in East and Southeast Asia: the People's Republic of China, Indonesia, the Republic of Korea, Malaysia, the Philippines, Singapore, Thailand, and Viet ...

Author: Donghyun Park

Publisher: Asian Development Bank

ISBN: 9789290927617

Category: Law

Page: 162

View: 436

Population aging poses two major challenges for Asian policy makers: (i) sustaining rapid economic growth in the face of less favorable demographic conditions; and (ii) providing affordable, adequate, sustainable old-age income support for a large and growing elderly population. This book explores the second issue by examining the pension systems of eight countries in East and Southeast Asia: the People's Republic of China, Indonesia, the Republic of Korea, Malaysia, the Philippines, Singapore, Thailand, and Viet Nam. It also puts forward both country-specific and region-wide reforms to address two critical areas of pension reform, namely, fairness and sustainability.
Categories: Law

The Economics of Individual and Population Aging

The Economics of Individual and Population Aging

This study aims to identify and describe the principle economic issues associated with individual and population ageing.

Author: Rl. L. Clark

Publisher: CUP Archive

ISBN: 0521228832

Category: Business & Economics

Page: 211

View: 207

This study aims to identify and describe the principle economic issues associated with individual and population ageing. In addition, the study surveys and assess the existing knowledge - including research by scholars of many countries and different fields in the social sciences - of the economic and social problems associated with ageing. Although the study covers a wide range of issues, it focuses primarily on the economic complexities of individual ageing and the macro-economic problems that arise from age-structure changes in the population. The authors, giving examples from many countries, trace the development of concern for population ageing and examine theoretical concepts and changing demographic conditions. Cross-national econometric studies are cited along with time series and cross-sectional research on individual countries. In assessing the state of the literature on the economic problems of ageing, the authors have attempted to indicate fruitful avenues for further research.
Categories: Business & Economics

Pension Systems Ageing and the Stability and Growth Pact

Pension Systems  Ageing and the Stability and Growth Pact

This paper explores how the Stability and Growth Pact may cope with the future costs of population ageing in the European Union.

Author: Roel M. W. J. Beetsma

Publisher:

ISBN: IND:30000122421385

Category: Fiscal policy

Page: 65

View: 882

This paper explores how the Stability and Growth Pact 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 arrangements and by switching to funding rather than relying on pure pay-as-you go pension provision. We study how such reforms affect the room for adhering to the Pact, but also how the Pact may induce or hamper the incentives for reform. In our analysis we will draw on recent literature on the Pact and on the pensions and the ageing problem. We will also calibrate a simple model for addressing intergenerational equity.
Categories: Fiscal policy