The Global Retirement Crisis

Richard Jackson
Additional contact information
Richard Jackson: Fellow, Center for Strategic and International Studies

The Geneva Papers on Risk and Insurance - Issues and Practice, 2002, vol. 27, issue 4, No 2, 486-511

Abstract: Abstract Over the next few decades, the rapid aging of populations in Europe, Japan, and North America threatens the stability of the world’s major economies. A determined push for reform can still avert fiscal and economic crisis. But the time for corrective action is running out. And the problem is worse than is generally assumed. These are the conclusions of “The Global Retirement Crisis: The Threat to World Stability and What to Do About It”, a new report jointly sponsored by Citigroup’s Global Investment Management and Private Banking Group and the Center for Strategic and International Studies (CSIS), a Washington–based think tank. The report finds that overly optimistic projections by the European Commission and the Organization for Economic Cooperation and Development may greatly underestimate future growth in government retirement spending. It stresses the importance of boosting productivity, extending work lives, and developing funded alternatives to pay–as–you–go pension systems. Along the way, it takes the reader on a “world tour” that describes what individual countries have already accomplished, and what remains to be done. Excerpts from the report are reproduced below. The end report is available at www.csis.com/gai/ .

Date: 2002
References: Add references at CitEc
Citations:

Downloads: (external link)
http://link.springer.com/10.1111/1468-0440.00187 Abstract (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:gpprii:v:27:y:2002:i:4:d:10.1111_1468-0440.00187

Ordering information: This journal article can be ordered from
http://www.springer.com/finance/journal/41288/PS2

DOI: 10.1111/1468-0440.00187

Access Statistics for this article

The Geneva Papers on Risk and Insurance - Issues and Practice is currently edited by Christophe Courbage

More articles in The Geneva Papers on Risk and Insurance - Issues and Practice from Palgrave Macmillan, The Geneva Association Contact information at EDIRC.
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().