Global Aging and Declining World Interest Rates : Macroeconomic Insurance Through Pension Reform in Cyprus

Macroeconomic Insurance Through Pension Reform in Cyprus

Global Aging and Declining World Interest Rates : Macroeconomic Insurance Through Pension Reform in Cyprus
How will the world-wide decline in real interest rates associated with global aging affect small open economies (SOEs) with aging populations? Lower interest rates will result in higher capital-labor ratios and increased wages; higher wages, in turn, will be passed on to pension benefits, exacerbating aging-related fiscal pressures. The... READ MORE...

Publication date: April 2008
ISBN 9781451869590
$18.00

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