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Aging population, pension funds, and financial markets : regional perspectives and global challenges for Central, Eastern, and Southern Europe
Population aging is placing enormous pressures on the pension benefits governments are able to provide. The former transition economies of the countries of Central, Eastern, and Southern Europe (CESE) face unique challenges. The growth of their aging populations outpaces other European countries, while the growth of their financial markets (essential to fund pension provisions) lags behind. With support and direction from the ERSTE Foundation, an Austrian group focused on Central European policy issues, a World Bank team investigated the challenges faced by these countries against the background of international experience from the OECD countries and Latin America. 'Aging Population, Pension Funds, and Financial Markets: Regional Perspectives and Global Challenges for Central, Eastern, and Southern Europe' examines how well the financial systems in the CESE economies were prepared for the challenges of multipillar pension reform, how ready they are for the approaching payout of benefits to the first participants, whether returns from pension funds can be sustained in an aging population, and how determined policy actions might be implemented to complete financial market development.
eBook
Ageing in Europe - Supporting Policies for an Inclusive Society
\"SHARE is an international survey designed to answer the societal challenges that face us due to rapid population ageing. How do we Europeans age? How will we do economically, socially and healthwise? How are these domains interrelated? The authors of this multidisciplinary book have taken a further big step towards answering these questions based on the recent SHARE data in order to support policies for an inclusive society.\" (Publishers Abstract).
eBook
Timebomb : when ageing explodes
Ageing is a timebomb. We celebrate our greater longevity, yet few of us consider its consequences. This book is an important warning that unless Europeans defuse its explosive force, within two decades our societies will be devastated by it. The hard fact is that because our political economies have been built around shorter lifespans, they risk being blown apart by ageing. The pressures exerted by the over-60s, who are increasing from today's quarter of the population to a third, will upend our politics and impoverish our young.
BOOK
Issue Mapping for an Ageing Europe
Issue Mapping for an Ageing Europe is a seminal guide to mapping social and political issues with digital methods. The issue at stake concerns the imminent crisis of an ageing Europe and its impact on the contemporary welfare state. The book brings together three leading approaches to issue mapping: Bruno Latour's social cartography, Ulrich Beck's risk cartography and Jeremy Crampton's critical neo-cartography. These modes of inquiry are put into practice with digital methods for mapping the ageing agenda, including debates surrounding so-called 'old age', cultural philosophies of ageing, itinerant care workers, not to mention European anti-ageing cuisine. Issue Mapping for an Ageing Europe addresses an urgent social issue with new media research tools.
eBook
The Ageing Societies of Central and Eastern Europe
This book entitled The Ageing Societies of Central and Eastern Europe: Some Problems - Some Solutions wants to contribute to a better understanding of how societies of Central and Eastern Europe are changing and how they are responding to the challenge of even more rapid ageing process than Western Europe. The aim of this book is to present the specific challenges ageing societies in selected Central and Eastern European countries face, with a particular focus on Polish society. Questions to be addressed in this volume include: How does demographic ageing influence societal change? How can we overcome age discrimination? Who will care for increasing numbers of older dependents at a time when the numbers of potential family carers is dwindling? How will family change impact on intergenerational solidarity? How can the specific skills of the young and the old be combined in the workplace? How are policy makers and politicians dealing with the ageing issues? How can the public pensions systems be made financially sustainable to prevent poverty and social exclusion of older people?
eBook
Information and Communication Technologies for Active Ageing
Over the past few years, the Institute for Prospective Technological Studies (IPTS) has been carrying out research in the field of ageing, with a focus on the role that Information and Communication Technologies (ICT) can play to promote Active Ageing. IPTS has looked at the issue from several perspectives, including the socio-economic and technological dimensions of both the ageing phenomenon and the Active Ageing policies that the EU is now adopting. Information and Communication Technologies for Active Ageing attempts to reflect aspects of the contribution ICT can make to quality of life for older citizens in Europe. Benefits can be found in health, employment, housing and elsewhere. The potential market for innovative solutions in ICT for Active Ageing is crucial for the European economy and for the society at large. The European Union has the opportunity to become a research and market leader through innovative applications and services for ageing. Moreover, the promotion of societal values in Europe regarding ageing can serve as a model for other ageing societies. This book is expected to contribute to the debates on ICT for Active Ageing and provide important hints for research in the field fostered by the European Commission's Directorate General for Information and Media.
eBook
Golden aging
Societies across Europe and Central Asia are aging, but people are not necessarily living longer. This demographic trend-caused by a decrease in fertility rather than improved longevity-presents both challenges and opportunities for governments, the private sector, and individuals alike. Some of the challenges are well known. Output per capita becomes smaller if it is shared with an increasingly larger group of dependent older people. At a certain point, there may not be sufficient resources to maintain the living standards of this older group, especially if rising expenditures on health care, long-term care, and pensions must be financed through the contributions and taxes paid by ever-smaller younger age groups. Working adults also contribute the most to the pool of savings. As the size of this group shrinks, savings will decline. But these challenges can be transformed into opportunities. Consider these examples: As longevity increases, workers tend to stay in the workforce longer, and, with the right incentives, they will increase their savings. Many current workers, and perhaps even more in the future, will thus not necessarily become dependent once they turn 65. And with slower population growth and smaller young age groups, societies will have an opportunity to improve the quality of education and maintain productivity. Firms in some countries are already adapting by capitalizing on skills that appreciate with age. Cardiovascular diseases account for more than half the difference in life expectancy (above age 50) between the region and Western Europe for men and 75 percent of the corresponding difference for women. Healthier behavior and health systems focused on preventive care could, with no cost increase, dramatically reduce this risk. These opportunities are not to be missed. As populations age, public discourse ranges from concerns about economic decline and fiscal sustainability of pensions and health systems to optimism about opportunities for healthier and more productive aging. The main contribution of Golden Aging is perhaps to show that demography and its consequences are not fixed. Much will depend on how people, firms, and societies adapt and how policy makers and institutions facilitate their behavioral adjustments. The future for Europe and Central Asia does not have to be gray-it can be a golden era of healthy, active, and prosperous aging.
eBook