Aging Population, Pension Funds, and Financial Markets: by Robert Holzmann

By Robert Holzmann

Inhabitants getting older is anticipated to impact the functionality of monetary markets in constructed and rising economies at a time whilst ever extra nations are hoping on funded provisions for outdated age source of revenue aid. This examine investigates the demanding situations confronted through those former transition nations within the context of overseas adventure from the OECD and Latin the US. The overarching end of this research is that those demanding situations should be addressed yet addressing them would require made up our minds coverage activities to accomplish monetary marketplace improvement and to advertise monetary literacy via schooling.

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In Kazakhstan all workers were immediately enrolled in the new scheme, although their rights under the old pay-as-you-go scheme were recognized (for details, see Hinz, Zviniene, and Vilamovska 2005). In Kosovo accrued rights under the old scheme will need to be resolved with Serbia and have not been recognized by the new Kosovo government. A special feature of the Kosovo scheme is that all assets are invested internationally because the domestic market is not yet considered ready for local investment (see Gubbels, Snelbecker, and Zezulin 2007).

1998. ” Policy Research Working Paper 1983, World Bank, Washington, DC. Gubbels, John, David Snelbecker, and Lena Zezulin. 2007. ” World Bank Social Protection Discussion Paper 0707, World Bank, Washington, DC. pdf. , Asta Zviniene, and Anna-Marie Vilamovska. 2005. ” Social Protection Discussion Paper 0537, World Bank, Washington, DC. http://siteresources. pdf. Holzmann, Robert. 1997a. ” IMF Staff Papers 44 (June): 149–78. ———. 1997b. ” Journal of Public Policy 17 (3): 195–222. Holzmann, Robert, and Ufuk Guven.

Washington, DC: World Bank. Catalan, Mario, Gregorio Impavido, and Alberto R. Musalem. 2001. ” Journal of Applied Social Science Studies 120 (3): 445–87. Council of Europe. 1990. ” Council of Europe, Rome. (c) The International Bank for Reconstruction and Development / The World Bank Financial Systems in CESE Countries 39 EPC (Economic Policy Committee). 2006. ” European Commission, Directorate General for Economic and Financial Affairs, Brussels. EBRD (European Bank for Reconstruction and Development).

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