Aging Population, Pension Funds, and Financial Markets: Regional Perspectives and Global Challenges for Central, Eastern and Southern Europe (Paperback) (ISBN-13: 9780821377321)

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.

Author: Robert Holzmann
ISBN-10: 0821377329
ISBN-13: 9780821377321
Publisher: World Bank Publications
Language: English
Published: 03/04/2009
Pages: 180
Format: Paperback
Weight: 0.65lbs
Size: 8.90h x 5.90w x 0.60d

Review Citation(s):
Reference and Research Bk News 05/01/2009 pg. 111