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Sri Lanka - Demographic Transition : Facing the Challenges of an Aging Population with Few Resources

Autor: Banco Mundial
Año: 2012
Resumen: As a result of low fertility rates and high life expectancy, the current demographic trends in Sri Lanka include a declining share of children and increasing share of elderly, and (for now) an increasing working age population. Sri Lanka has a unique window of opportunity to take advantage of the high share of working age population to stimulate economic growth, but the other two emerging population issues spur questions on their own. In this context, the report discusses some of the economic implications of demographic transition in Sri Lanka, focusing on employment and productivity related issues on one side; and performance of cash transfer programs aiming to assist the poor and vulnerable groups on the other. This report quantifies Sri Lanka's demographic change by providing updated population projections and by applying National Transfers Accounts methodology documenting how the demographic change and aging contribute to life-cycle deficit and to Sri Lanka's employment and labor market. The challenges and opportunities associated with the upcoming demographic transition are highlighted, focusing on the functioning of the labor markets and the social safety net system. The report discusses different avenues that the country can take to make its labor market more efficient and inclusive, and offset some of the disadvantages faced by the poor and vulnerable households. The analysis in this report suggests that timely policy actions can enable Sri Lanka to effectively cope with its changing demographic structure.

Fuente: Banco Mundial
Clasificación: Demografía
Tipo de Publicación: Informes
Idioma:

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Quantifying Impact of Aging Population on Fiscal Space

Autor: G. Park, Seok
Año: 2012
Resumen: This paper quantitatively investigates how population aging trend affects fiscal space measured as unused revenue generating capacity by utilizing a standard neoclassical growth model. A calibration exercise for G-7 countries shows that France, Germany and Italy suffer greater revenue impact from a given reduction in hours worked due to their larger government expenditure. Corrective measures such as pension reform and flexible expenditure policy would be required in order to mitigate the impact of aging on fiscal space.

Fuente: Fondo Monetario Internacional (FMI)
Clasificación: Seguridad Social y Sistemas de Pensiones
Tipo de Publicación: Documentos de Trabajo
Idioma:

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Expanding Coverage of Good Quality Private Pensions

Autor: Price, William; Rawlins, Marlon; Stewart, Fiona
Año: 2012
Resumen: Pension and social insurance programs that prevent a substantial loss in consumption resulting from old age, disability, or death are an integral part of any social protection system. The dual objectives of such programs are to allow for the prevention of a sharp decline in income when these life-cycle events take place and protection against poverty in old age. This background paper reviews the World Bank's conceptual framework for the analysis of pension programs and defines the major challenges facing low and middle income countries, namely, coverage, adequacy and sustainability. The paper proposes a broad, forward-looking strategy to help address these challenges.

Fuente: Banco Mundial
Clasificación: Seguridad Social y Sistemas de Pensiones
Tipo de Publicación: Documentos de Trabajo
Idioma:

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The Role of Funded Pensions in Retirement Income Systems Issues for the Russian Federation

Autor: Yermo, Juan
Año: 2012
Resumen: This paper reviews the recent development of the funded pension system in the Russian Federation and considers it role in the context of the overall retirement income system. By describing current OECD practices and policy recommendations and comparing them with the current Russian pension system, the report aims to facilitate ongoing discussions between the OECD and the Russian Federation regarding the latter’s pension system. The report is based to a large extent on existing OECD published material, in particular the latest edition of OECD Pensions at a Glance (2011) and the OECD Pensions Outlook 2012. It also draws on the OECD review of labour and social policy published in December 2011.

Fuente: Organización para la Cooperación y el Desarrollo Económico (OCDE)
Clasificación: Seguridad Social y Sistemas de Pensiones
Tipo de Publicación: Documentos de Trabajo
Idioma:

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Global Pension Systems and Their Reform : Worldwide Drivers, Trends, and Challenges

Autor: Holzmann, Robert
Año: 2012
Resumen: Across the world, pension systems and their reforms are in a constant state of flux driven by shifting objectives, moving reform needs, and a changing enabling environment. The ongoing worldwide financial crisis and the adjustment to an uncertain 'new normal' will make future pension systems different from past ones. The objectives of this policy review paper are threefold: (i) to briefly review recent and ongoing key changes that are triggering reforms; (ii) to outline the main reform trends across pension pillars; and (iii) to identify a few areas on which the pension reform community will need to focus to make a difference. The latter includes: creating solutions after the marginalization or, perhaps, demise of Bismarckian systems in countries with high rates of informality; keeping the elderly in the labor market; and addressing the uncertainty of longevity increases in pension schemes.

Fuente: Banco Mundial
Clasificación: Reformas de Pensiones
Tipo de Publicación: Documentos de Trabajo
Idioma:

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