Can Investments in Emerging Markets Help to Solve the Ageing Problem?

Robert Holzmann

Journal of Emerging Market Finance, 2002, vol. 1, issue 2, 215-241

Abstract: Pre-funding of pension commitments in OECD economies is increasingly seen as a central strategy to cope with the ageing of their populations. This paper argues that investments in emerging markets can help at the margin, but are unable to solve the demographic problem. While these investments bring potential advantages through enhanced risk diversification, higher rates of return, and accelerated financial market development, the total effects are likely to be limited. Furthermore, in order to harvest them, capital sending and receiving countries must fulfill various politically and economically challenging requirements. For pension policy, the limited con tribution ofpre-funding at home and abroad in order to address the demo graphic problem implies that enhanced emphasis must be given to domestic reforms.

Date: 2002
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

Downloads: (external link)
https://journals.sagepub.com/doi/10.1177/097265270200100204 (text/html)

Related works:
Working Paper: Can Investments in Emerging Markets Help to Solve the Aging Problem? (2000)
Working Paper: Can investments in emerging markets help to solve the aging problem ? (2000)
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:sae:emffin:v:1:y:2002:i:2:p:215-241

DOI: 10.1177/097265270200100204

Access Statistics for this article

More articles in Journal of Emerging Market Finance from Institute for Financial Management and Research
Bibliographic data for series maintained by SAGE Publications ().