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Demographic ageing is a reality - within 25 years half the population of Western Europe will be over 50, one quarter over 65, and the Less Developed Countries will contain one billion elderly people. Ageing Societies examines the myths, challenges and opportunities behind these figures. Ageing Societies explores three areas: § the growing necessity for extending economic activity into later life and the implications of societal ageing for the intergenerational contract and the provision of social security § the changes in modern families and the implications the changes have for the provision of support and care for the ageing population § the biggest demographic challenge of all: ageing in the Less Developed Countries where there is little or no infrastructure to provide long-term care or social security. Combining bio-demography, sociology, economics and development studies, Ageing Societies highlights the opportunities of an ageing population for a mature society. Age-integrated and flexible workforces, increased labour mobility, intergenerational integration, age equality and politically stable age-integrated societies are the potential benefits of a demography which will be with us for the majority of this century.
Pension reform is high on the policy agenda of many advanced and emerging market economies. In advanced economies the challenge is generally to contain future increases in public pension spending as the population ages. In emerging market economies, the challenges are often different. Where pension coverage is extensive, the issues are similar to those in advanced economies. Where pension coverage is low, the key challenge will be to expand coverage in a fiscally sustainable manner. This volume examines the outlook for public pension spending over the coming decades and the options for reform in 52 advanced and emerging market economies.
This conference proceedings analyses the key policy implications arising from the growth of private pensions.