Download Free The Economic And Financial Market Consequences Of Global Ageing Book in PDF and EPUB Free Download. You can read online The Economic And Financial Market Consequences Of Global Ageing and write the review.

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.
Recoge: 1. Global demographic forecasts and the economic channels via which ageing will impact on economies - 2. Global capital market developments, current account imbalances and the evidence for age-related international capital flows - 3. Global ageing scenario 2000-2050 - 4. Policy response: how can the EU and the world as a whole effectively deal with the challenges of ageing.
This upper level textbook provides a coherent introduction to the economic implications of individual and population ageing. Placing economic considerations into a wider social sciences context, this is ideal reading not only for advanced undergraduate and masters students in health economics and economics of ageing, but policy makers, professionals and practitioners in gerontology, sociology, health-related sciences, and social care. This volume introduces topics in labour economics, including the economic implications of ageing workforces. It covers pension economics and pension systems with their macroeconomic and distributive effects, and the question of risk. Finally, it describes macroeconomic consequences of ageing populations on aggregate saving, inflation, international trade, and financial markets.
The book gives an overview of the implications of population ageing on economic development and financial systems. It describes several challenges which the ageing process poses for central banks, giving special consideration to the situation in Europe. The first two chapters discuss the relationship between ageing and saving and between ageing and international capital flows. Other chapters consider the possible implications for financial markets. The final part raises issues which are of particular relevance for central banks, namely ageing and financial stability and how ageing will affect monetary policy.
Bachelor Thesis from the year 2012 in the subject Economics - Finance, grade: 1,3, University of Freiburg, language: English, abstract: Most developed countries will be going through a strong demographic transition over the coming decades. The large Baby Boomer cohort is approaching retirement and whereas it is often believed that they brought an economic dividend when they were working, it is assumed they will prove to be a drain on economic growth as they retire. Equally, financial markets are worried that the Baby Boomers will put the financial assets they accumulated over their life-cycle simultaneously on the market, thereby causing asset prices to tumble. However, looking at data about the life-cycle saving behaviour of households casts doubts that there is strong asset deccumulation even in the very old age. This work contributes on this issue by providing empirical evidence on individual stock market participation over the life-cycle in Germany between 2000 and 2011. The results give only weak support for strong asset deccumulation during retirement. In combination with the institutional design of the German pension system and other findings, demographic ageing is unlikely to lead to an asset price meltdown.
The year 2008 marks the beginning of the baby boomer retirement avalanche just as the different demographics in advanced and most developing countries are becoming more pronounced. People are worrying again that developments in global population trends, food supply, natural resource availability and climate change raise the question as to whether Malthus was right after all. The Age of Aging explores a unique phenomenon for mankind and, therefore, one that takes us into uncharted territory. Low birth rates and rising life expectancy are leading to rapid aging and a stagnation or fall in the number of people of working age in Western societies. Japan is in pole position but will be joined soon by other Western countries, and some emerging markets including China. The book examines the economic effects of aging, the main proposals for addressing the implications, and how aging societies will affect family and social structures, and the type of environment in which the baby-boomers' children will grow up. The contrast between the expected old age bulge in Western nations and the youth bulge in developing countries has important implications for globalization, and for immigration in Western countries - two topics already characterized by rising discontent or opposition. But we have to find ways of making both globalization and immigration work for all, for fear that failure may lead us down much darker paths. Aging also brings new challenges for the world to address in two sensitive areas, the politicization of religion and the management of international security. Governments and global institutions will have to take greater responsibilities to ensure that public policy responses are appropriate and measured. The challenges arising within aging societies, and the demographic contrasts between Western and developing countries make for a fractious world - one that is line with the much-debated 'decline of the West'. The book doesn't flinch from recognizing the ways in which this could become more visible, but also asserts that we can address demographic change effectively if governments and strengthened international institutions are permitted a larger role in managing change.
This OECD 2005 report, prepared at the request of Deputies of the G10, reviews economic consequences of ageing populations for financial markets and recommends that governments help facilitate development of financial instruments to support retirement savings and pensions.
Population aging will affect the performance of pension funds and financial markets in the former transition economies and require determined policy actions to complete financial market development and to promote financial literacy through education.